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421 W Tunnel Blvd
Houma, LA 70360

$650,000 USD

Storefront Retail Office For Sale  •  11,624 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 11,624 SF
  • Lot Size 0.55 AC
  • Building Class B
  • Year Built 2001
  • Cap Rate 9.24 %
  • Tenancy Multiple
  • Zoning C-3
50 Walk Score

Highlights

Value-Add Retail Investment Opportunity featuring an 11,624 SF neighborhood retail center with approximately 48% vacancy available for lease-up growth
Existing National Credit Tenant Rent-A-Center anchors the property, providing in-place income.
Surrounded by National Retailers including Walmart, Target, Lowe's, Starbucks, Chick-fil-A, Planet Fitness, and numerous shopping destinations.
Prime Corner Location on Tunnel Blvd with visibility to more than 24,000 vehicles per day along one of Houma's primary retail corridors.
Flexible Leasing Configuration with the ability to subdivide the vacant space into multiple suites, to attract a variety of users.
Immediate Value-Add Opportunity Through Lease-Up of Approximately 5,500 SF - Reach out to Randy Brown for more info.
Cap Rate: 9.24 %

Major Tenants

Tenant SF Occupied Lease End Date
Rent-A-Center

Amenities

  • 24 Hour Access
  • Banking
  • Corner Lot
  • Restaurant
  • Security System
  • Signage
  • Monument Signage
  • Air Conditioning
  • Fiber Optic Internet
  • Cafe
  • Awning

Public Transportation

AirportDriveWalkDistance
Louis Armstrong New Orleans International 62 min - 46.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Surface
Included in Rent: Yes
Randy Brown 985-217-1620 Keller Williams Commercial
Randy Brown 985-217-1620 Keller Williams Commercial