561 Grand Caillou RdHouma, LA 70363

Property Details for 561 Grand Caillou Rd

Lot size

3.38 AC

Property type

Retail properties

Property subtype

Retail space

APN

18982

APU

18982

Description

This exceptional 60,000 square foot property, located at 561 Grand Caillou Road in Houma, Louisiana, presents a unique investment opportunity. Situated on a highly trafficked thoroughfare in Terrebonne Parish (APN R03C-18982), this single-tenant outparcel boasts unparalleled visibility and frontage, making it ideal for a variety of retail or office uses. The property is currently vacant and offers flexibility for long-term ground lease or build-to-suit options, catering to the specific needs of prospective tenants. With its substantial size and prime location, this property is poised to attract significant attention from businesses seeking a prominent presence in the thriving Houma market. The property type is classified as Retail, Office, and Land, and is suitable for executive office or commercial use. The address is 561 Grand Caillou Rd, Houma, LA 70363. This is a single-tenancy property. The property's location offers excellent access and exposure to a high volume of daily traffic, ensuring maximum brand visibility and customer reach. This presents a rare chance to secure a substantial footprint in a key commercial area of Houma.

• CAP approach

  CAP return

  Valuation

  6%

  $29,695,904

  6.5%

  $27,411,602

  7%

  $25,453,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,285,558

  Geo Method

  $26,360,736

• Alternative Use

  Use

  Valuation

  Residential

  $23,122,712

  Hospitality

  $21,180,280

  Educational

  $17,621,744

  Medical

  $18,227,784

  Retail

  $27,411,602

Location Insight

City

Houma

County

Terrebonne

State

Louisiana

Latitude

29.5891

Longitude

-90.7023

CBSA code

26380

CBSA name

HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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