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1740 Martin Luther King Boulevard
Houma, LA 70360
Asking Price
$3.25M
Asset Type
Auto Shop Retail
Class
Class B
What's Special
Highly Visible Showroom & Service Facility <p>Formerly occupied by Harley-Davidson, this exceptional ±27,458 SF commercial facility offers a rare combination of showroom, office, service, and warehouse space on one of Houma's most prominent retail corridors. Situated on Martin Luther King Boulevard with approximately 30,000 vehicles passing daily, the property benefits from outstanding visibility, easy access, and proximity to numerous national retailers and restaurants serving an eight-parish trade area.</p>
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NOI
$80,000
Cap Rate
2.46%
DSCR
0.41
Underwater
Cash-on-Cash
-11.58%
Monthly Payment
$16,079.227
Annual Cash Flow
$-112,950.721
