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Property profile & analytics
OFF-MARKET
Land

1702 Grand Caillou Rd Houma, LA 70363

5.57 ac lot
Property ID
Property summary
AI-generated overview

This 5.57-acre commercial land parcel in Houma, Louisiana, presents a unique investment opportunity. Located at 1702 Grand Caillou Road, the property boasts 365 feet of frontage on a busy thoroughfare, offering exceptional visibility and accessibility. Its strategic location is adjacent to three newly constructed hotels and the Leonard J. Chabert Medical Center, making it ideal for a medical office complex or related development. The lot features significant dimensions, measuring 635 feet deep and 365 feet wide, providing ample space for a substantial project. A key advantage is the property's separate ingress/egress from Picone Road, a mere 0.10 miles from the hospital. This access point provides crucial municipal sewage access, a feature unavailable to neighboring properties on Grand Caillou Road. Situated in a rapidly growing area of south Houma, this land benefits from the development of a medical district, proximity to port activity, and a nearby industrial park. The asking price is $399,000, translating to $71,634 per acre. The property's APN is 59965. Covenants and restrictions apply. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area with significant potential for future growth and development.

Property profile
Verified
Property type Land
Lot 5.57 ac (242,629 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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