CitiPlace - Retail Strip Center for Sale

For Sale

1826 Martin Luther King Jr Blvd, Houma, LA 70360

This Houma property for sale is located at 1826 Martin Luther King Jr Blvd. The current listed sale price for CitiPlace - Retail Strip Center for Sale is $7,225,000. CitiPlace - Retail Strip Center for Sale is situated on a lot that is 84,991 acre in size.

Contacts

broker

Matt Eaton, CCIM

Southeast Commercial Real Estate

(504) 414-0703

Property Details

  • Property Type Retail - Strip
  • Property Size 20,750 SF
  • Lot Size 84,991 Acre
  • Additional Rent Contact for pricing
  • Date Updated Feb 5, 2024
Martin Luther King Blvd, Houma, LACitiPlace Center is perfect for investors seeking a strategic asset in a dynamic retail landscape. Spanning approximately 20,750 square feet CitiPlace Center presents an attractive value-add opportunity with two available vacancies for potential investors. Key Features: Tenant Mix: Anchored by prominent businesses such as Moe's Southwest Grill, Lendmark Financial, Salad Station, Firehouse Subs, Quest Diagnostic, and Crumble Cookies. Traffic Volume: Benefits from significant daily exposure with traffic counts averaging 29,386 vehicles per day. Value-Add Potential: With two vacancies, there's ample room for growth, enhancing potential revenue streams and capital appreciation. Strategic Location: Positioned in an area along MLK Blvd. adjacent to bigbox retailers, hotels, and restaurants including the popular sports restaurant and bar, WalkOn's, which was recently built directly across the street from the strip center. Citiplace is in the mix with robust consumer activity, ensuring consistent traffic and driving business to our tenants.

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Getting around

  • 72/100

    Walk Score ®

  • 52/100

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Location

  • City Houma, LA
  • Zip Code 70360

Points of Interest

  • Murphys

    3.34 miles

  • Twin Peaks

    1.80 miles

  • Chili's

    1.90 miles

  • Outback Steakhouse

    1.99 miles

  • Hooters

    2.07 miles

  • Burger King

    2.17 miles

  • Texas Roadhouse

    2.20 miles

  • McDonald's

    2.32 miles

  • IHOP

    2.37 miles

  • Golden Corral

    2.41 miles

  • Raising Cane's

    2.42 miles

  • Walmart Supercenter

    1.78 miles

  • Walmart Supercenter

    2.11 miles

  • Target

    2.49 miles

  • Walmart Neighborhood Market

    2.58 miles

  • Cannatas

    2.64 miles

  • Sears

    3.41 miles

  • JCPenney

    3.48 miles

  • Southland Mall

    3.52 miles

  • Dillard's

    3.56 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

(504) 414-0703