For Sale
$1,500,000

309 Goode StHouma, LA 70360

Prime Downtown Location, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 22,000+ square foot, four-story mixed-use building, formerly the Thatcher Hotel, presents a unique investment opportunity in the heart of downtown Houma, Louisiana. Located at 309 Goode St, 70360, this historic property boasts a prime location directly across from the courthouse and steps from the post office, ensuring high visibility and foot traffic. The building currently generates income from various small office and business tenants. A significant advantage is its private 52-space parking lot, a rare find in this vibrant area. The untouched fourth floor offers substantial potential for expansion and increased revenue, perhaps through conversion to additional office space or residential units. The building's eligibility for historic tax credits provides additional financial incentives. This property represents a chance to restore a piece of Houma's history while capitalizing on its exceptional location and untapped potential. The asking price is $1,500,000.

Highlights

  • $1,500,000 asking price for a mixed-use office building.
  • 22,000+ square feet, four-story building in downtown Houma, LA.
  • 52-space private parking lot.
  • Currently generating income from existing small office and business tenants.
  • Untouched fourth floor offers significant value-add potential and income expansion.
  • Eligible for historic tax credits.

Property Details for 309 Goode St

Property type
Office properties, Mixed-use properties

Location Insight

City
Houma
County
Terrebonne Parish
State
Louisiana
Latitude
29.596636612815
Longitude
-90.721856700642
309 Goode St, Houma, Louisiana

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309 Goode St
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