3
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$1,750,000
Est. payment /mo
5.4 Acres Lot
Active
1794 Martin Luther King Jr Houma, LA 70360
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Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID BY125474
Lot Size 5.400 Acres
Acres 5.4
Property Sub-Type Commercial
Property Description
Now available for sale is approximately 3.9 acres of commercial development land strategically located along Martin Luther King Jr. Boulevard in Houma, Louisiana. Positioned between established commercial developments, the property represents one of the last remaining opportunities to develop a highly visible retail site within Houma's primary commercial corridor. The tract is ideally suited for a single commercial user, destination restaurant, medical office, financial institution, or neighborhood retail center serving one of South Louisiana's strongest retail trade areas. The site offers approximately 3.9 acres of developable land together with an existing approximately 1.5-acre detention facility that supports efficient site planning while reducing future stormwater infrastructure requirements. Rather than dedicating valuable development acreage to detention, future users benefit from existing drainage infrastructure that enhances development flexibility. Martin Luther King Jr. Boulevard serves as Houma's principal retail corridor and regional shopping destination, attracting consumers throughout Terrebonne, Lafourche, St. Mary, and Assumption Parishes. The property enjoys immediate proximity to Academy Sports + Outdoors, Hobby Lobby, Nissan, Holiday Inn Express, Dairy Queen, Verizon, Kay Jewelers, Target, Lowe's, Walmart, Best Buy, Ross Dress for Less, PetSmart, Southland Mall, Terrebonne General Health System, and numerous additional national retailers and restaurants. Traffic volumes of approximately 30,642 vehicles per day provide exceptional visibility and consumer exposure while continued investment throughout the corridor--including RaceTrac's new location and Terrebonne General Health System's planned approximately $75 million Health & Wellness Center--continues to strengthen one of South Louisiana's most active commercial markets. See also MLS Nos. 161899, 161895, 159427.
Location
State LA
Exterior
Utilities Available Electricity Available, Natural Gas Available
Others
Tax ID 16725
Acceptable Financing Conventional
Listing Terms Conventional
Listed by KELLER WILLIAMS REALTY BAYOU P
Nearby Locations
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