Hollywood South Strip Center for Sale!

For Sale

292 South Hollywood Road, Houma, LA 70360

This Houma property for sale is located at 292 South Hollywood Road. The current listed sale price for Hollywood South Strip Center for Sale! is $4,620,000.

Contacts

broker

Matt Eaton, CCIM

Southeast Commercial Real Estate

Property Details

  • Property Type Retail - Strip
  • Property Size 13,200 SF
  • Additional Rent Contact for pricing
  • Date Updated Jun 13, 2024
Introducing "Hollywood South" - a prominently positioned retail strip center boasting approximately 13,200 square feet of leasable space. This attractive investment opportunity offers a competitive 6.5% Cap Rate with significant upside potential. Currently, the center is 81% occupied, leaving room for new owners to capitalize on the two vacancies and increase the revenue stream. Key Features: Prime Tenancy: Comprising of respected and stable tenants such as Audibel, Toups Insurance, Pelican State Credit Union, and the National Guard. High Traffic Counts: Benefit from daily traffic counts of approximately 19,000 vehicles per day, ensuring high visibility and constant footfall for businesses. Growth Opportunity: With two vacant units, there's a fantastic opportunity for value-add through lease-up or potential for owner use. Desirable Location: Situated in a strategic locale, ensuring consistent patronage and appeal to a diverse range of retail and service-based businesses. Seize this rare chance to own a piece of strategic real estate with strong current income and untapped potential. Hollywood South presents an enticing proposition for both seasoned investors and those looking to venture into the vibrant retail market.Sale Price: $4,620,000 Unit Price: $350 PSF Cap Rate: 6.5%

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Location

  • City Houma, LA
  • Neighborhood Bayou Cane
  • Zip Code 70360

Points of Interest

  • Murphys

    1.73 miles

  • Burger King

    0.57 miles

  • Hooters

    0.57 miles

  • McDonald's

    0.58 miles

  • Outback Steakhouse

    0.59 miles

  • Chili's

    0.59 miles

  • IHOP

    0.60 miles

  • Raising Cane's

    0.63 miles

  • Twin Peaks

    0.66 miles

  • Texas Roadhouse

    0.70 miles

  • Golden Corral

    0.70 miles

  • Walmart Supercenter

    0.43 miles

  • Target

    0.58 miles

  • Walmart Neighborhood Market

    1.54 miles

  • Cannatas

    1.62 miles

  • Sears

    2.15 miles

  • Southland Mall

    2.25 miles

  • Dillard's

    2.28 miles

  • JCPenney

    2.30 miles

  • Walmart Supercenter

    3.97 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Matt Eaton, CCIM

Southeast Commercial Real Estate