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Property profile & analytics
FOR SALE
Commercial land

2655 W Park Ave Gray, LA 70359

Property ID
US36-0785152
Property summary
AI-generated overview

This listing is a potential office conversion on 12.433 acres of property just 2 miles north of U.S. Highway 90 (Future I-49) on LA Highway 24 in the growing Houma-Thibodaux MSA. Located in the heart of America’s Energy Corridor, the acreage could be used for a light industrial site, commercial/industrial development, residential development, or a mixed-use site. Included on the tract is a 2,144 SF home which could be used for office conversion or a rental. It contains 3 Offices (Bedrooms), 1 Full Bathroom, a Break Room (Kitchen), and a Reception/Waiting Area (Living Room). There is also a 2 Car Garage and a Storage Barn. 12.176 Acres is east of Hwy 24 while the batture is 11,194 SF. The batture could be used for additional company signage or for potential billboard revenue. The property is almost all cleared land with some trees towards the rear near the drainage canal. Almost the entire tract is in current Flood Zone X. A survey map, dated December 18. 2013, is attached to this listing. The site is near an ever-increasing commercial/industrial corridor between Houma and Thibodaux near US Highway 90. Nearby businesses and facilities include Chevron, BP, Schlumberger, Danos, Hunting, K&B Industries, Standard Crane, Fletcher Technical College, TPCG Complex, Terrebonne Sheriff's Complex, and multiple medical facilities including Cardiovascular Institute of the South. For additional information, please contact the listing agent, Logan "Hank" Babin, III

Property profile
Verified
Property type Commercial land
UPID US36-0785152
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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