421 W Tunnel Blvd, Houma, LA 70360
sale
$565,000
|
Other
Courtesy Of Canal & Main Realty
Located along West Tunnel Boulevard, this approximately 10,997 square foot mixed-use investment property offers stable in-place income with clear value-add potential. The property is anchored by Rent-A-Center occupying 6,539 square feet under a long-term lease with renewal options and structured rent increases. An additional 3,273 square feet of retail space is currently vacant, providing immediate lease-up opportunity. The asset also includes a 1,185 square foot rear apartment generating supplemental income. Situated on approximately 0.54 acres with strong corridor visibility, the property reflects an approximate 8% in-place cap rate with projected double-digit returns upon stabilization. This offering presents a balanced investment profile combining durable tenancy, income growth potential, and measurable upside through lease-up.
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Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Cooling System: Central Air
- Exterior Type: Metal Const
- Floor Covering: Tile - Ceramic
- Floors: 1
- Heating System: Central
- Legal Description: IRREGULAR-SHAPED TRACT MEASURING 41.97' FRONT ON EAST SIDE LEVRON STREET BEING BOUNDED NORTH BY TUNNEL BOULEVARD AND SOUTH BY ROUTIER STREET WITHIN POINTS A-B-C-D-E-A ON MAP SHOWING BOUNDARY AGREEMENT BETWEEN BERTHA MEY BALDWIN AND CITY OF HOUMA.
- MLSID: 2025005088
- Roof Type: Metal
- Rooms: Bathroom 2
- Rooms: Bathroom 1
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
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