1740 Martin Luther King Blvd Houma, LA 70360
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.