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Property profile & analytics
FOR SALE
Retail space

9465 E Park Ave Houma, LA 70363

Entity Owned Free & Clear
Property ID
US36-1218570
9465 E Park Ave, Houma, LA 70363 For Sale
Contact for pricing
9465 E Park Ave, Houma, LA 70363
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Property summary
AI-generated overview

This exceptional 6.43-acre commercial land parcel presents a remarkable investment opportunity in Houma, Louisiana. Situated on heavily trafficked East Park Avenue, this property boasts unparalleled visibility and frontage, ideal for a wide range of retail businesses seeking a prominent location within a thriving community. The property's address is 9465 E Park Avenue, Houma, LA 70363, with an APN of R03-65437. Its strategic placement on a major thoroughfare ensures high traffic counts and significant exposure to potential customers. The asking price for this prime commercial land is $1,208,250. This offering presents flexibility for prospective buyers, with options including outright purchase, a long-term ground lease, or a build-to-suit arrangement. The substantial lot size provides ample space for development, accommodating a variety of commercial projects. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a growing market. The property's location in Terrebonne Parish offers easy access to major transportation routes and a strong local economy. Don't miss this chance to secure a prime piece of commercial real estate in a desirable location. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
APN 16497
UPID US36-1218570
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
Current use
Occupant on record · Public records
  • Watermill Express Big Box & Wholesale Store
  • Rouses Market Grocery & Convenience Store Food Market
  • Village East Shopping Center Business Service Center Corporate Office
  • Louisiana Fireworks Tent Discount Store Party Supply Store
  • Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k
Owner & transaction history
ROUSE LAND COMPANY
ROUSE LAND COMPANY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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