14140 Coursey BlvdBaton Rouge, LA 70817

Property Details for 14140 Coursey Blvd

Year built

1987

Property size (Sq ft)

8,100 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

385972

APU

385972

Description

This Class A, 7,822 square foot retail strip center is located at 14140 Coursey Blvd, Baton Rouge, LA 70817, in East Baton Rouge Parish. The property features five suites, with 2,440 square feet currently vacant and available for lease. Minimum leasable space is 990 square feet, with a maximum contiguous space of 2,440 square feet. The center boasts a convenient location on Coursey Boulevard, between Jones Creek Road and Hickory Ridge Boulevard, directly across from a Walmart Neighborhood Market and less than a quarter mile from the major intersection of Coursey Boulevard and Jones Creek Road. The property sits on a 0.65-acre lot and includes 20 parking spaces. Current tenants include AAMCO Transmissions, Cash Cow, and Smokin Aces Smoke Shop. The property is zoned HC1 and is located in a flood zone X. Daily traffic counts average 21,268 vehicles. The single-story building offers excellent visibility and accessibility for businesses seeking a prime retail location in a high-traffic area. This is an exceptional opportunity for businesses seeking a well-established retail space in a thriving Baton Rouge neighborhood. The available space is highly adaptable and can be configured to suit various retail needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,409,931

  6.5%

  $1,301,475

  7%

  $1,208,512

• Comparable approach

  Method

  Valuation

  Relative Method

  $957,707

  Geo Method

  $3,758,842

• Alternative Use

  Use

  Valuation

  Residential

  $1,301,475

  Hospitality

  $1,192,144

  Educational

  $991,850

  Medical

  $1,025,961

  Retail

  $1,542,877

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4079

Longitude

-91.0201

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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