1800 E Tunnel Blvd
Houma, LA 70363
Retail Property For Sale

Property tours are available by appointment ONLY. Please contact Jonathan Fawer to schedule at jfawer@corp-realty.com or 504-581-5005. Investment Highlights: Absolute Auction - 1st Bid meets Reserve! ñ3,342 SF Former Capital One Drive-Up Bank in Houma, LA on ñ1.2 AC Owner-operator opportunity or value-add through lease-up at market rates or redevelopment Positioned on a full city block (4-corner parcel) with easy access and visibility Four Drive-Thru lanes and excess surface parking Located ñ40 miles from New Orleans, ñ83 miles from Baton Rouge, and ñ104 miles from Lafayette ñ21,766 VPD on E Tunnel Blvd/Plant Rd (ñ0.2 miles) and ñ28,883 VPD on Grand Caillou Rd/Merrill Dr (ñ0.2 miles) Dense demographics with 2017 population of ñ72,365 and Avg HH Income of ñ$63,280 within a 5-mile radius Investment Overview: The Former Capital One Bank in Thibodaux is a vacant former Capital One banking facility located at located at 1800 E Tunnel Blvd in Houma, LA. The Property contains a freestanding ñ3,342 SF drive-up Retail/Office building on a ñ1.2 AC parcel. This former Capital One Bank is ideal for owner occupants with an immediate need for retail/office space or for investors This former Capital One Bank is ideal for owner occupants with an immediate need for retail/office space or for investors seeking significant value-add through lease-up at market rates. The Property is located on a full block (4-corner parcel) with easy access and excess surface parking. The Property has approximately ñ72,365 individuals residing within a five-mile radius of the property and an average household income of ñ$63,280. The annual consumer spending demographics estimate a total specified consumer spending of ñ$623,475,000 within a 5-mile radius of the Property in 2017. The Property has high nearby traffic counts with ñ21,766 VPD on E Tunnel Blvd/Plant Rd (ñ0.2 miles) and ñ28,883 VPD on Grand Caillou Rd/Merrill Dr (ñ0.2 miles). The Property is centrally located within Houma near a busy retail corridor with national retailers including Chase, Walgreens, Save-A-Lot, Dollar Tree, Taco Bell, Wendy's, Subway, CitiTrends, and Dollar General. Houma is the largest city in and the parish seat of Terrebonne Parish and the largest principal city of the Houma-Bayou Cane-Thibodaux MSA. Houma is the commercial and cultural center for a two-parish area comprising much of the Miss