2942 Highway 316, Gray, LA 70359

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2942 Highway 316 is located in Gray, LA.

This listing is for 69.25 acres of property just 1 mile south of U.S. Highway 90 (Future I-49) on LA Highway 316 in the growing Houma-Thibodaux MSA. Located in the heart of America’s Energy Corridor, the acreage has a highest and best use for single-family residential development. Elevation at the front of the tract is 8.1' and at the Hollywood Canal is measured to be 6.1'.

The property is dissected by the Hollywood Canal, with ~18.5 acres between Highway 316 and the canal. This tract has a 50' strip (more possible if desired) leading from the Highway. The remaining acreage runs from the canal all the way to U.S. Highway 90 and across. A survey map, dated March 3, 2010, is attached to this listing but does not include the acreage north of US Hwy 90..

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.