108,464 Square Foot Retail Space For Sale @ 1500 Grand Caillou Rd

This listing has 3 commercial/retail buildings on two tracts totaling 2.49 acres. Building A is vacant while Buildings B & C are leased on a month-to-month basis. A billboard lease brings the total revenue to over $1,650 per month.

This could be purchased for its improved value or its value as a site as a possible franchise location, convenience store, hotel, dollar store, pharmacy, or medical/professional office.

Building A - 5,075 SF with office/retail space, shop, office/apartment, and covered work area. Currently vacant.

Building B - 2,400 SF of office/shop. Currently leased month-to-month.

Building C - 1,800 SF of office/shop. Currently leased month-to-month.

Grand Caillou Road (also know as LA Highway 57) is the commercial/retail hub of East Houma. This portion of the road has a 2016 measured traffic count of 23,621 cars per day. It sits at the intersection of Gr. Caillou and Moffet Rds. Moffet Road has a traffic count of over 7,000 cars per day.

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.