Hollywood South Strip Center for Sale

Property is located on S Hollywood Road in Houma, LA.Southeast Commercial is pleased to offer "Hollywood South" - a prominently positioned retail strip center boasting approximately 13,200 square feet of leasable space. This attractive investment opportunity offers a competitive 6.5% Cap Rate with significant upside potential. Currently, the center is 81% occupied, leaving room for new owners to capitalize on the two vacancies and increase the revenue stream. Key Features: Prime Tenancy: Comprising of respected and stable tenants such as Audibel, Toups Insurance, Pelican State Credit Union, and the National Guard. High Traffic Counts: Benefit from daily traffic counts of approximately 19,000 vehicles per day, ensuring high visibility and constant footfall for businesses. Growth Opportunity: With two vacant units, there's a fantastic opportunity for value-add through lease-up or potential for owner use. Desirable Location: Situated in a strategic locale, ensuring consistent patronage and appeal to a diverse range of retail and service-based businesses. Seize this rare chance to own a piece of strategic real estate with strong current income and untapped potential. Hollywood South presents an enticing proposition for both seasoned investors and those looking to venture into the vibrant retail market.