6797 Bayou Black DrGibson, LA 70356

Property Details for 6797 Bayou Black Dr

Lot size

28.90 AC

Property type

Healthcare properties

Property subtype

Medical offices

APN

61735

APU

61735

Description

This exceptional 56.7-acre industrial property in Gibson, Louisiana (70356), offers significant development potential. Zoned Heavy Industrial (HI), APN R08-61735, the site boasts approximately 28,500 square feet of vacant space within a multiple-tenancy structure. The property includes substantial waterfront access on Bayou Black, featuring approximately 1,570 linear feet of riverfront with approximately 22 feet of water depth and approximately 900 feet of bulkhead. Existing infrastructure includes a 550-ton waterfront boom hoist crane, a 5,000 square foot pavilion building, portable offices, a guard entrance building, and a truck scale structure with a functioning truck scale. The land itself comprises approximately 47.1 acres of developable land and approximately 34 acres of compacted limestone yard. This Terrebonne Parish location is ideally situated within a thriving industrial hub supporting scrap and recycle operations, as well as offshore plug, abandon, and decommission work. The property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $176,899,248

  6.5%

  $163,291,616

  7%

  $151,627,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $96,028,792

  Geo Method

  $376,897,280

• Alternative Use

  Use

  Valuation

  Residential

  $202,481,600

  Hospitality

  $185,472,048

  Educational

  $154,310,576

  Medical

  $159,617,552

  Retail

  $240,038,672

Location Insight

City

Gibson

County

Terrebonne

State

Louisiana

Latitude

29.6648

Longitude

-91.0259

CBSA code

26380

CBSA name

HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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