Lain Gorman

1789 Martin Luther King Blvd , Houma, LA 70360

$8,440,000
  • 1789 Martin Luther King Blvd , Houma, LA 70360 Main Photo

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New to the Market Active
LOT SIZE 23.000 acres MLS#161899
STATUSActive PROPERTY TYPELand - Commercial SCHOOLTerrebonne Parish

Property Description

Commercial development opportunities are now available at the signalized intersection of Martin Luther King Jr. Boulevard and Westside Boulevard in Houma, Louisiana. Flexible site configurations ranging from approximately one-acre retail pad sites to anchor parcels of nearly eleven acres make this property ideal for a wide variety of commercial development opportunities. The corner has already been validated by national retailers, with RaceTrac currently constructing its newest location on the recently sold corner tract. An additional pad site is presently under contract, demonstrating continued market demand within this highly desirable retail corridor. The proposed development concept includes five retail pad sites fronting Martin Luther King Jr. Boulevard together with two larger anchor tracts served by shared access from Martin Luther King Jr. Boulevard and Westside Boulevard. The conceptual layout provides flexibility for restaurants, quick-service restaurants, financial institutions, medical users, automotive service, retail, grocery, entertainment, fitness, hospitality, and community shopping center development. The property benefits from planned infrastructure improvements already underway. Public water is being extended across the frontage as part of the RaceTrac development, while the purchaser of another pad site is contractually obligated to construct a Parish-approved sanitary sewer extension along the Martin Luther King Jr. Boulevard frontage. Electric, natural gas, fiber optic telecommunications, and other public utilities are available to support future commercial development. Adding to the area's continued growth, Terrebonne General Health System is developing an approximately $75 million Health & Wellness Center immediately west of the property. Please see MLS Nos. 161895, 125474, 159427.

1789 Martin Luther King Blvd | MLS# 161899

This land located at 1789 Martin Luther King Blvd , Houma, LA 70360 is currently listed for sale with an asking price of $8,440,000. The property has approximately 23.00 Acres. Martin Luther King Blvd is located within the Terrebonne Parish school district. Search Houma real estate on laingorman.wurthre.com today.

Property Features

Property Type: Land - Commercial
Lot Size: 23.00 Acres

Feature Descriptions

Days on Site: 5
Exclusions: Other Resrv
Fencing: None
Lot: Corner Lot, Level
Lot Dimensions: 1167 X 2320 X 69 X 1025 X 879
Parcel#: 16725
Sewer: Public Sewer
Utilities: Electricity Available, Sewer Not Available, Water Not Available

Local Schools

School District: Terrebonne Parish

Listed By / Shown By

Listed By

Agency Name: KELLER WILLIAMS REALTY BAYOU P
Agency Phone: 985-262-4400

Shown By

Agent Name: Lain Gorman
Agent Phone:
Agency Title: Wurth Real Estate Services

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Estimated Payment

$ 21,245.45 per month $18,783.78 Principal & Interest $0.00 Property Tax (data not provided by mls) $2,461.67 Homeowner's Insurance

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