1799 Martin Luther King BlvdHouma, LA 70360

Property Details for 1799 Martin Luther King Blvd

Property size (Sq ft)

1 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

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.

Location Insight

City

Houma

County

Terrebonne Parish

State

Louisiana

Latitude

29.6241

Longitude

-90.7612

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