$1,500,000

Embrace an exclusive opportunity to become a part of downtown Houma's rich history with this 4-story building, originally known as the Thatcher Hotel. This structure is a testament to a bygone era, showcasing architecture that's steeped in charm and character. Spread across an expansive area of 22,000+ square feet, this property differentiates itself as one of the few downtown structures that offers a private parking lot with 52 available spots—an undeniable advantage in this lively locale. Presently, the building is an income producing mixed-use commercial space, housing a range of small offices and businesses. These spaces exhibit their history and hold vast potential for a transformative vision and growth. Imagine the potential of restoring this gem to its former glory as a boutique hotel, infusing the space with a blend of luxury and historical allure that only a building of such pedigree could provide. One of the most noteworthy features of this property is its untouched fourth floor—a canvas ripe for restoration. This space holds an incredible opportunity for those passionate about breathing new life into historic properties. This not-yet-realized potential is not only an opportunity to significantly increase the property's value, but also a means of expanding the income it generates, given the right vision and execution. Moreover, the building's eligibility for historic tax credits provides potential financial incentives to prospective buyers. Nestled directly across the street from the courthouse and just steps away from the post office, the Thatcher building holds a prime position in the heart of downtown Houma. This central location ensures high visibility and continuous foot traffic, beneficial for any business housed within. Investing in the Thatcher building signifies more than just a financial decision. It's an invitation to influence Houma's future by preserving and elevating a cherished piece of its history. Your vision can level up this property