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5801 W Park Ave
Houma, LA 70364
Asking Price
$4.00M
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Retail | 58,947 SqFt <ul><li>Newly renovated retail positioned at the high-performing corner of W Park Ave. and MLK, Jr. Blvd.</li><li>The center underwent an extensive renovation in 2021 with approximately $5MM in improvements. All interior floors, walls, lighting, exterior siding and soffits were replaced. The roof of the anchors suite and two-story retail building replaced in 2021 (balance of the roof is in good condition). Anchor suite HVAC replaced in 2024. This substantial investment offers a great investmen
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NOI
$80,000
Cap Rate
2.00%
DSCR
0.34
Underwater
Cash-on-Cash
-13.11%
Monthly Payment
$19,765.08
Annual Cash Flow
$-157,180.963
