Current Use by Public Records
- Retail properties & Spaces
Property Details for 1799 Martin Luther King Blvd
- Property type
- Retail properties & Spaces
- Property subtype
- Land
Description
This exceptional 1-square-foot parcel, located at 1799 Martin Luther King Blvd in Houma, Louisiana (zip code 70360), presents a remarkable opportunity for retail development. Priced at $2,450,000 ($63,655/acre), this C-2 zoned property boasts a highly desirable location on a major commercial thoroughfare with an impressive 29,386 average daily traffic volume (ADTV). Its strategic position connects central Houma to surrounding residential areas, providing convenient access to a substantial customer base. The property's proximity to US Highway 90 ensures easy access for both local and regional consumers, capitalizing on the flow of traffic between New Orleans and the Gulf Coast. The surrounding area features a diverse mix of residential, commercial, and light industrial properties, creating a robust and varied market. The established presence of national retailers, restaurants, and service businesses along Martin Luther King Boulevard further solidifies its position as a thriving commercial hub. Positive demographic trends, steady population growth, and economic recovery from past weather events indicate a strong and growing demand for retail and service options in this area, making this property ideal for various development projects, including shopping centers, restaurants, and entertainment venues. The APN is 12828,4955. This single-tenancy land parcel offers significant potential for investors seeking a high-return opportunity in a dynamic and growing market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houma
- County
- Terrebonne Parish
- State
- Louisiana
- Longitude
- -90.7612
- Latitude
- 29.6241
