4089 W Park Ave, Gray, LA 70359

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Hank B.

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Building Details:

4089 W Park Ave is aland property for lease in Gray, LA.

17.37 acres of prime development property just off of the booming US Hwy 90 (Future I-49) corridor on LA Hwy 24. This tract is 300’ wide and extends all the way to Hwy 90. It has multiple possible outlets onto Eureka Dr., just past H.L. Bourgeois High School.

This interchange on Hwy 90 is growing with large office complexes, light industrial offices and yards, and single-family residential subdivisions. Hundreds of millions of dollars are being invested in this section of the energy corridor between Fourchon to Lafayette.

The property is not affected by any zoning. And it will soon have sewer service available towards the rear of the property via an expansion of services by Terrebonne Parish.

The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has a 10 Parish retail draw of almost 440,000 people. It was recently ranked #6 of all nationwide mid-sized MSA’s by Area Development Magazine (May 2013) and was #24 overall out of 380 MSA’s in the U.S. This follows a January 2013 article in Forbes magazine naming Louisiana “America’s New Frontier for Business Opportunity”.

Dr. Loren Scott's 2014-2015 Louisiana Economic Outlook states "that the Houma MSA employment will increase by another 2,600 jobs in 2014 (2.6%)" and that "in 2015, the Houma MSA will break through the 100,000 employment mark for the first time in its history."

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