For Sale
$2,450,000

1799 Martin Luther King BlvdHouma, LA 70360

Prime Retail Land, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1-square-foot parcel, located at 1799 Martin Luther King Blvd in Houma, Louisiana (zip code 70360), presents a remarkable opportunity for retail development. Priced at $2,450,000 ($63,655/acre), this C-2 zoned property boasts a highly desirable location on a major commercial thoroughfare with an impressive 29,386 average daily traffic volume (ADTV). Its strategic position connects central Houma to surrounding residential areas, providing convenient access to a substantial customer base. The property's proximity to US Highway 90 ensures easy access for both local and regional consumers, capitalizing on the flow of traffic between New Orleans and the Gulf Coast. The surrounding area features a diverse mix of residential, commercial, and light industrial properties, creating a robust and varied market. The established presence of national retailers, restaurants, and service businesses along Martin Luther King Boulevard further solidifies its position as a thriving commercial hub. Positive demographic trends, steady population growth, and economic recovery from past weather events indicate a strong and growing demand for retail and service options in this area, making this property ideal for various development projects, including shopping centers, restaurants, and entertainment venues. The APN is 12828,4955. This single-tenancy land parcel offers significant potential for investors seeking a high-return opportunity in a dynamic and growing market.

Highlights

  • $2,450,000 asking price for this retail land opportunity.
  • Located at 1799 Martin Luther King Blvd, Houma, LA 70360 (APN 12828,4955).
  • 1 square foot lot, priced at $63,655 per acre.
  • C-2 zoning permits various commercial uses.
  • High traffic area with 29,386 average daily traffic volume (ADTV), situated on a major commercial thoroughfare connecting central Houma to surrounding residential areas.

Property Details for 1799 Martin Luther King Blvd

Property type
Retail properties, Land
Square Feet
1 SF

Location Insight

City
Houma
County
Terrebonne Parish
State
Louisiana
Latitude
29.6240856
Longitude
-90.7611726
1799 Martin Luther King Blvd, Houma, Louisiana

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1799 Martin Luther King Blvd
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