MLK Commercial Development Portfolio | 1847 Martin… — Sale in Houma, LA

  • Price: $1.3M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houma, LA 70360

Description

Large commercial development opportunities along Martin Luther King Boulevard are increasingly rare. This 18.144± acre tract represents one of the largest remaining commercial development sites within Houma's primary retail corridor and offers tremendous flexibility for developers, investors, and commercial users. Currently featuring approximately 50 feet of frontage on Martin Luther King Boulevard , the property can also be combined with the adjacent commercial pad sites at 1843 and 1845 Martin Luther King Boulevard , creating an assemblage of more than 20 contiguous acres with substantial highway frontage. The property is surrounded by the region's strongest concentration of national retailers, restaurants, healthcare providers, and commercial businesses including Sam's Club, Walmart Supercenter, Target, Lowe's, Academy Sports, Hobby Lobby, Starbucks, Chick-fil-A, Raising Cane's , and numerous additional retailers serving Houma and the surrounding region. Future growth is further supported by the planned $75+ million Terrebonne General Health & Wellness Center , enhancing long-term demand for commercial services, healthcare, hospitality, retail, and professional office development. Zoned C-2 General Commercial and served by public utilities, the property is well suited for a wide variety of commercial projects including retail centers, mixed-use developments, healthcare campuses, hospitality, office parks, self-storage, and investment developments. Ideal End Users Retail Power Center Mixed-Use Development Medical Campus Business Park Multifamily (subject to approvals) Hospitality Self Storage Senior Living Office Campus Institutional Development Contact us at the Logan Babin Commercial Group of KW Commercial South to see how we can assist you and your clients in finding the perfect retail site along Martin Luther King Blvd.! Land Size: 18.14 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Houma, LA is listed for sale at $1,300,000. It has been on the market for 70 days. Compare it against other multifamily listings for sale in Houma, LA — view the full market.

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