Coursey Place Shopping Center

Shopping Center for Sale
Catylist Listing ID: 30431331
Property Subtypes: Mixed Use, Strip Center
Building Size (RSF): 33,000 SF
Gross Building Area: See Agent
Gross Land Area: 3.09 Acres
Sale Price: $5,500,000
Unit Price: $166.67 PSF
Property Use Type: Investment
Building Name: Coursey Place Shopping Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

Coursey Place is a +/- 33,000 square foot service/retail center located just west of the heavily trafficked intersection of Coursey Boulevard and S. Sherwood Forest Boulevard. The subject location is a short distance to both Interstates 10 & 12 as well as US Hwy 61 (Airline Hwy), providing excellent access to the immediate area and property. In the immediate area along Coursey and S. Sherwood are numerous large and small office buildings, a Wal-Mart neighborhood center directly across the street, retail centers large and small, financial institutions, restaurants and multi-family. Located off of the main thoroughfares in the area are several, large residential neighborhoods. Coursey Place has excellent frontage along Coursey Blvd. with ample parking on a well-landscaped parking lot.

• Excellent location
• Good demographics
• Great street frontage and visibility
• Attractive, well-built property

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 43
Tax ID/APN: 016-3251-5
Zoning: C-2 & C-AB-2
Property Located Between: S. Sherwood Forest Blvd. & American Way
Site Description: The site is just west of S. Sherwood Forest Boulevard and fronts on the north side of Coursey Boulevard. The total area is approximately 134,661 square feet, or 3.091 acres. The site has zoning of C-2 with a section also zoned C-AB-2 which allows for sale of alcohol for on-site consumption. The property benefits from approximately 670 feet of frontage along Coursey providing excellent visibility and exposure for the building and its tenants. Because the site follows the curve of Coursey Blvd site depth varies but is generally 250 – 300 feet deep.
Area Description: Located along the north side of Coursey Boulevard, across from Sherwood Common Boulevard, and west of South Sherwood Forest Boulevard.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 2002
Interior Description: The interior design and build-out is similar to other strip retail centers in the area. It includes a mixture of local and regional tenants, including several office users, a bar (with an exterior patio between the two buildings), a massage therapist, a nail salon, a pilates studio, local boutiques and clothing stores. The interiors of the spaces have varying finishes, constructed to suit the needs of the individual tenants.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,232 85,895 214,896
Median Age: 36.36 37.21 35.78
Households: 7,584 37,491 88,234

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The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.