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5801 W Park Ave
Houma, LA 70364
Southland Plaza · Retail Property For Sale
Executive Summary
DO NOT DISTURB THE TENANTS. CONTACT AGENT FOR SHOWINGS.
Owner will consider seller financing for qualified buyers.
Newly renovated retail positioned at the high-performing corner of W Park Ave. and MLK, Jr. Blvd.
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 investment basis and limited near-term capital requirements.
Southland Plaza is surrounded by some of the market’s strongest retail anchors and daily-needs traffic drivers, making it an ideal location for value-add investors or owner-users seeking a stabilized, high-visibility site. Retailers at this intersection include Sam's, Rouses, Walgreens, and Dillard's.
Owner will consider seller financing for qualified buyers.
Newly renovated retail positioned at the high-performing corner of W Park Ave. and MLK, Jr. Blvd.
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 investment basis and limited near-term capital requirements.
Southland Plaza is surrounded by some of the market’s strongest retail anchors and daily-needs traffic drivers, making it an ideal location for value-add investors or owner-users seeking a stabilized, high-visibility site. Retailers at this intersection include Sam's, Rouses, Walgreens, and Dillard's.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
58,947 SF
Building Class
C
Year Built/Renovated
1983/2021
Price
$5,554,129 CAD
Price Per SF
$94.22 CAD
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
4.73 AC
Parking
293 Spaces (4.97 Spaces per 1,000 SF Leased)
Frontage
108’ on Westbank Expy
Amenities
- Bus Line
- Dedicated Turn Lane
- Signalized Intersection
Property Taxes
| Parcel Number | 8472 | Improvements Assessment | $197,529 CAD |
| Land Assessment | $83,750 CAD | Total Assessment | $281,278 CAD |
Property Taxes
Parcel Number
8472
Land Assessment
$83,750 CAD
Improvements Assessment
$197,529 CAD
Total Assessment
$281,278 CAD
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