Improved Commercial Land for Sale in Houma, Louisiana

This freestanding former bank building sits on a highly visible corner lot with excellent traffic exposure. The building has a new roof, and the space is largely open and ready for a new layout, with private offices, a break room, and an existing drive-through teller area. Plenty of parking with room for expansion. The property sits on 2.772 acres under a ground lease with the Houma-Terrebonne Airport Commission. Base rent started at $1,275.12 per month (about $15,301 per year), with annual CPI adjustments capped at 5%. The lease has a one-year primary term with nine one-year renewal options on the same terms, and the tenant covers taxes, utilities, insurance, and maintenance. Any lease assignment requires Airport Commission approval. The lease allows non-aviation commercial use. Great potential for an event center, church, retail/shopping, or office use.