1023 W Tunnel Blvd, Houma, LA 70360

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Building Details:

1023 W Tunnel Blvd is located in Houma, LA.

This listing is of the former “Mike’s Steakhouse” restaurant, a 7,030 SF restaurant with lounge centrally located in Houma. The building sits on 1.053 acres on Tunnel Blvd. and includes an access driveway to Polk St. This is a highly visible location centrally located in between downtown and the MLK retail corridor with plenty of single-family rooftops in all directions. The Tunnel Blvd. Traffic Count is 24,831 cars per day while Polk St is 6,296 cars per day.

The building includes 7,030 SF of dining area, kitchen, lounge, offices, and boiling room (boiling room has no a/c or heat). Areas not included in the square footage are 956 SF of patio plus a portable storage building.

The restaurant is currently closed but a portion of the building is an operating lounge that is on a month-to-month lease. Furniture, Fixtures, and Equipment (FF&E) is not included in the list price but could be negotiated separately. The pole sign on West Tunnel Blvd. is included.

If additional land or structures are needed, owner also has former Bogwalk Restaurant (directly behind) listed for sale fronting Polk St. An aerial view of both properties is available in the photographs.

Both properties are co-listed by Logan Babin Real Estate and LaRussa Real Estate.

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., Louisiana was ranked #1 in Business Climate by Business Facilities Magazine and #2 in Business Climate by Site Selection Magazine.

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