Office Conversion on 12.4 Acres near US Hwy 90 in Houma — Sale in Gray, LA

  • Price: $525K
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Gray, LA 70359
  • Size: 2,144 SF

Investment Figures

Price per square foot
$245

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This listing is a potential office conversion on 12.433 acres of property just 2 miles north of U.S. Highway 90 (Future I-49) on LA Highway 24 in the growing Houma-Thibodaux MSA. Located in the heart of America’s Energy Corridor, the acreage could be used for a light industrial site, commercial/industrial development, residential development, or a mixed-use site. Included on the tract is a 2,144 SF home which could be used for office conversion or a rental. It contains 3 Offices (Bedrooms), 1 Full Bathroom, a Break Room (Kitchen), and a Reception/Waiting Area (Living Room). There is also a 2 Car Garage and a Storage Barn. 12.176 Acres is east of Hwy 24 while the batture is 11,194 SF. The batture could be used for additional company signage or for potential billboard revenue. The property is almost all cleared land with some trees towards the rear near the drainage canal. Almost the entire tract is in current Flood Zone X. A survey map, dated December 18. 2013, is attached to this listing. The site is near an ever-increasing commercial/industrial corridor between Houma and Thibodaux near US Highway 90. Nearby businesses and facilities include Chevron, BP, Schlumberger, Danos, Hunting, K&B Industries, Standard Crane, Fletcher Technical College, TPCG Complex, Terrebonne Sheriff's Complex, and multiple medical facilities including Cardiovascular Institute of the South. For additional information, please contact the listing agent, Logan "Hank" Babin, III Building SF: 2144 | Land Size: 12.43 Ac | Listing Type: FOR SALE

Market Context

This industrial in Gray, LA is listed for sale at $525,000 across 2,144 SF ($245/SF). It has been on the market for 71 days. Compare it against other industrial listings for sale in Gray, LA — view the full market.

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