94 Acres of Raw Land in Houma for Development

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30376592
Property Subtypes: Agricultural, Mobile Home Park, Multi-Family, Residential (Single Family)
Status: Pending
Gross Land Area: 93.80 Acres
Sale Price: $1,787,000
Unit Price: $19,051 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/22/2019

Overview / Comments

Large tract of raw land suitable for development in Houma! This tract is perfectly located in Northern Terrebonne Parish on Coteau Road with convenient access to all schools, shopping, and amenities.

This tract is currently cleared pastureland and has an oak-lined entry all along the highway frontage. Meticulously planted decades ago from acorns gathered near St. Francis Cathedral, the "Adley Oaks" make an inviting entryway (and potential subdivision name) for future homeowners!

Nearby shopping and dining destinations include: Southland Mall, Rouses, WalMart, Sam's Club, Lowe's, Home Depot, Target, Old Navy, Office Depot, Best Buy, Bed,Bath,& Beyond, PetSmart, Kohl's, Marshall's, Pier 1, Hobby Lobby, Academy, Buffalo Wild Wings, Chick-fil-A, Raising Canes, Starbucks, Olive Garden, Outback, Chipolte, Texas Roadhouse, McDonalds, Hooters, Chili's and many more.

The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has an 8 Parish retail draw of almost 450,000 people. It was recently ranked #6 of all nationwide mid-sized MSA’s by Area Development Magazine (May 2013) and was #24 overall out of 380 MSA’s in the U.S. This follows a January 2013 article in Forbes magazine naming Louisiana “America’s New Frontier for Business Opportunity”. In 2014, Houma was ranked as the 2nd Happiest Place to live in the U.S. and Louisiana was ranked #1 in Business Climate by Business Facilities Magazine. That same year, the U.S. Chamber of Commerce named LA the #1 export state, the #1 state in export growth, and the #2 state for income growth per capita. Most recently in 2015, Site Selection Magazine ranked LA #4 in Business Climate, its 6th straight Top 10 ranking. The magazine also awarded LA their Silver Shovel award in 2015 for the 6th consecutive year while ranking our economic development efforts #2 in the nation. Chief Executive magazine placed LA #7 in its "Best States for Business" in 2015.

For additional information, please contact the listing agent, Hank Babin at 985-804-9991.

Attachments & Media

Additional Details

Nearest MSA: Houma-Thibodaux
County: Terrebonne
Zoning: UNZONED

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,206 24,598 63,287
Median Age: 32.36 33.19 34.24
Households: 2,590 9,268 23,492

Contact

Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
Not a member of MCAR
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