421 W TUNNEL BLVD, Houma, LA 70360
$565,000
Property Type:
Comm Bldg Sale/Lease
Baths:
2
Square Footage:
10,080
Lot Size (sq. ft.):
23,522
Status:
Active
Current Price:
$565,000
List Date:
3/21/2025
Last Modified:
2/11/2026
Description
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.
Supplements: ********
More Information MLS# BY2025005088
Listing Info
For Sale: Yes
List Price/SqFt: 56.05
For Lease Price: 1500
Per: Month
Date Available: 2025-04-01
Status: Active
Listing Date: 2025-03-21
Listing Price: 565000
Current Price: $565,000
Modification Timestamp: 2026-02-11T16:10:58Z
Photo Modified: 2026-02-11T14:53:36Z
Location, Tax & Legal Info
Legal Desc: 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.
Location
Strip Mall: 1
General Property Description
Stories: 1
SqFt - Total: 10080
SqFt - Source: Appraiser
Mineral Rights: Negotiable
Acreage Range: 0.51 - 0.99
SqFt - Retail: 1185
SqFt - Office: 3273
SqFt - Warehouse: 5622
Elevator: No
Current Use: Rent-a-center and va
Acres: 0.54
Total Baths: 2
Sale/Lease Info
Lease Purchase: No
Sublease: No
Deposit: 1500
Min Terms (Yrs): 1
Remarks & Misc
Remarks: 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.
Office/Member/Contract Info
List AOR: BBR
Property Type
Professional/Office: 1
Retail: 1
Shopping Center: 1
Price Includes
Real Estate: 1
Parking
Parking Lot: 1
Road Frontage
Public Street: 1
Construction
Metal Siding: 1
Features
Living Space Available: 1
Window Display: 1
Foundation
Slab: 1
Exterior
Roof Sign: 1
Roof
Metal: 1
Heating
Central: 1
Cooling
Central Air: 1
Gas
None: 1
Flooring
Ceramic Tile: 1
Financing
Cash: 1
Conventional: 1
Originating Details
Originating System ID: ROAMP
Originating System Key: 2025005088
Originating System Listing ID: 2025005088
Originating System Name: ROAM Paragon
Location Tax Legal Info
Street Number: 421
Dir: W
Street Name: TUNNEL BLVD
Parish: Terrebonne
State: LA
Zip Code: 70360
Tax Assessment Number: 19527
Property Features
Property Type: Professional/Office; Retail; Shopping Center
Location: Strip Mall
Road Frontage: Public Street
Features: Living Space Available; Window Display
Exterior: Roof Sign
Heating: Central
Cooling: Central Air
Gas: None
Construction: Metal Siding
Roof: Metal
Flooring: Ceramic Tile
Parking: Parking Lot
Foundation: Slab
Financing: Cash; Conventional
Price Includes: Real Estate
Listing Office:
Canal & Main Realty
IDX
Last Updated: February - 11 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.