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Property profile

1740 Martin Luther King Blvd Houma, LA 70360

OFF-MARKET
Retail properties & Spaces
27,458 SF 2.19 ac lot
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Property summary

AI-generated overview

This exceptional commercial property, located at 1740 Martin Luther King Blvd in Houma, Louisiana, offers a substantial 27,458 square feet of space across two buildings situated on a 2.19-acre lot. The main building boasts 24,258 square feet, featuring a large 10,000 square foot open showroom, a 2,114 square foot first-floor office area with break room and customer lounge, and a 2,900 square foot second floor with a conference room, kitchenette, executive office, additional offices, and IT closet. A climate-controlled 7,369 square foot service area includes four overhead access doors, six service bays, a dyno room, and a 1,875 square foot parts department with multi-level storage. The entire main building is climate-controlled and built on a 6-inch, 3,500 PSI concrete slab on pilings, with a first-floor slab elevation of 7.5 feet and 27-foot eave height. A 3,200 square foot rear shop, added in 2013, features three roll-up doors, vapor lights, and a shop fan. This property benefits from its location on the highly desirable Martin Luther King Boulevard retail corridor, experiencing a daily traffic count of 30,980 vehicles. Zoned C2 - General Commercial, the property is in FEMA Flood Zone X. Additional land behind the adjacent Waffle House was acquired for future development. The property's prime location within an established retail area, with numerous national brands nearby, presents a significant opportunity for a variety of commercial ventures. The asking price is $3,890,000. The property is available for sale.

Property profile

Verified
Property type Retail properties & Spaces
Total area 27,458 SF
Lot 2.19 ac (95,396 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1740 Martin Luther King Blvd Houma, LA 70360
Houma metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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