115 Menard RdHouma, LA 70363

Property Details for 115 Menard Rd

Lot size

29.12 AC

Property type

Medical offices

Property subtype

Medical centers

APN

41004

APU

41004

Description

This exceptional industrial property in Houma, Louisiana, presents a unique investment opportunity. Located on approximately 31 acres between Bayou Dularge and Menard Road, with Intracoastal Waterway access, this site boasts significant waterfront advantages. The property comprises two parcels, the primary one situated east of Bayou Dularge Road and north of Menard Road, and a secondary parcel at Menard Road's eastern end. Ideal for waterfront industrial businesses, the site includes a substantial 2,220 linear feet of water frontage, enhanced by approximately 800 feet of bulkhead. The existing improvements encompass 43,278 square feet of buildings, featuring a two-story, 13,400 square foot office building with 9-foot ceilings. Extensive shop space includes 29,878 square feet of steel fabrication shops with reinforced concrete foundations. Fabrication Building 1 offers a 30-foot eave height and 20-foot bay spacing, while Fabrication Building 2 features approximately 28-foot eave height and 25-foot bay spacing. A 1,458 square foot mechanic shop boasts approximately 18-foot eave height and 25-foot bay spacing, also with a reinforced concrete foundation. The property also includes a stabilized yard perfect for lay-down, with approximately 23,000 square feet of concrete and 29,000 square feet of limestone laydown areas. Additional features include approximately 600 linear feet of fencing, a private mechanical sewerage system, a mooring bit, and a total asking price of $4,900,000. The property's APN is R10-41004. The address is 115 Menard Rd, Houma, LA 70363.

• CAP approach

  CAP return

  Valuation

  6%

  $174,175,856

  6.5%

  $160,777,712

  7%

  $149,293,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $96,756,504

  Geo Method

  $90,172,264

• Alternative Use

  Use

  Valuation

  Residential

  $199,364,368

  Hospitality

  $182,616,688

  Educational

  $151,934,944

  Medical

  $157,160,224

  Retail

  $236,343,248

Location Insight

City

Houma

County

Terrebonne

State

Louisiana

Latitude

29.5597

Longitude

-90.7155

CBSA code

26380

CBSA name

HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].