3
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$8,440,000
Est. payment /mo
23 Acres Lot
Active
1789 Martin Luther King Blvd 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 BY161899
Lot Size 23.000 Acres
Acres 23.0
Property Sub-Type Commercial
Property Description
Commercial development opportunities are now available at the signalized intersection of Martin Luther King Jr. Boulevard and Westside Boulevard in Houma, Louisiana. Flexible site configurations ranging from approximately one-acre retail pad sites to anchor parcels of nearly eleven acres make this property ideal for a wide variety of commercial development opportunities. The corner has already been validated by national retailers, with RaceTrac currently constructing its newest location on the recently sold corner tract. An additional pad site is presently under contract, demonstrating continued market demand within this highly desirable retail corridor. The proposed development concept includes five retail pad sites fronting Martin Luther King Jr. Boulevard together with two larger anchor tracts served by shared access from Martin Luther King Jr. Boulevard and Westside Boulevard. The conceptual layout provides flexibility for restaurants, quick-service restaurants, financial institutions, medical users, automotive service, retail, grocery, entertainment, fitness, hospitality, and community shopping center development. The property benefits from planned infrastructure improvements already underway. Public water is being extended across the frontage as part of the RaceTrac development, while the purchaser of another pad site is contractually obligated to construct a Parish-approved sanitary sewer extension along the Martin Luther King Jr. Boulevard frontage. Electric, natural gas, fiber optic telecommunications, and other public utilities are available to support future commercial development. Adding to the area's continued growth, Terrebonne General Health System is developing an approximately $75 million Health & Wellness Center immediately west of the property. Please see MLS Nos. 161895, 125474, 159427.
Location
State LA
Exterior
Utilities Available Electricity Available
Others
Tax ID 16725
Acceptable Financing Conventional
Listing Terms Conventional
Listed by KELLER WILLIAMS REALTY BAYOU P
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