510 Tunnel BlvdHouma, LA 70360

  • Other commercial real estate
  • 900 SF
For Sale
$199,000 View listing

Property Details for 510 Tunnel Blvd

Year built
1974
Property size (Sq ft)
900 SF
Property type
Other commercial real estate
APN
22240
APU
22240

Description

This exceptional 9-story warehouse at 510 W Tunnel Blvd, Houma, LA 70360 presents a unique investment opportunity. Built in 1960, this corner lot property boasts 29 parking spaces surrounding the main building, a separate storage building, and a kitchen building. The main building, measuring 50 x 60 feet, includes a lobby, reception area, two restrooms, and twenty offices, in addition to substantial warehouse space. A comprehensive security camera system and existing phone system are included in the sale. The metal roof was resealed just three years ago, ensuring long-term durability. Several offices feature built-in plywood desks and storage shelves, offering immediate functionality. The rear warehouse/storage area features a large loading door and additional upstairs storage. Further storage is available in an attic space above the offices, accessible via plywood flooring. This versatile property, with its blend of office and warehouse space, presents significant potential for a variety of uses. The property's location in Terrebonne Parish offers convenient access to key transportation routes and local amenities. The asking price is $199,000. Don't miss this chance to acquire a substantial and well-maintained commercial property in a thriving Louisiana market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $141,323
    Hospitality
    $129,451
    Educational
    $107,701
    Medical
    $111,406
    Retail
    $167,536
510 Tunnel Blvd, Houma, Louisiana

Location Insight

City
Houma
County
Terrebonne
State
Louisiana
Latitude
29.5911
Longitude
-90.7297
CBSA code
26380
CBSA name
HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,245
$2,600
$10,950
$13,550
-
$26,000
$73,000
$99,000

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