Versatile Commercial or Multifamily Dev Site 3837 Plaza Tower Dr Terrain Vente aux enchères en ligne Baton Rouge, LA 70816

Help shape the future of Baton Rouge’s sought-after Sherwood Coursey submarket with the versatile development site at 3837 Plaza Tower Drive. This previously developed site provides ±0.8 acres with flexible HC-1 zoning, permitting a wide range of commercial and multifamily projects serving this vibrant metropolitan hub.

3837 Plaza Tower comprises two contiguous lots totaling 34,848 square feet, which have been fully cleared and will be delivered build-ready. It is positioned directly off the main roundabout of an existing mixed-use complex with professional offices, retail, and medical tenants, accommodating a wide range of potential uses with strong cross-traffic and walkable amenities. The site benefits from multiple convenient access points, providing opportunities for traffic-dependent businesses.

Situated directly off S Sherwood Forest Boulevard, 3837 Plaza Tower Drive enjoys an easily accessible location with direct exposure to more than 39,000 daily vehicles. Commuters and clients from across the greater region can easily reach the property, which sits just 2 miles from the interchange of Interstate 12 and Highway 61 and just 3 miles from Interstate 10. There are also several bus stations within walking distance, offering seamless public transit access.

Positioned within a vibrant commercial hub, a new development at 3837 Plaza Tower Drive will sit within a short drive of a large number of shopping and dining amenities. Many national brands, including Walmart Neighborhood Market, The Home Depot, Walgreens, Jimmy John’s, Wingstop, Raising Cane’s, and more are all reachable within minutes of the site. There are also several popular local restaurants available in neighboring buildings and a location for Starbucks directly across the street. The property is also conveniently placed within 5 miles of Our Lady of the Lake Regional Medical Center and the Ochsner Medical Complex, both major fixtures of the local healthcare industry, making this a prime site for medical office or clinic developments, with strong opportunities for referral and partnership.

Strong demographics and submarket performance reinforce the potential of 3837 Plaza Tower Drive as a prime development site. No new office or multifamily inventory is currently under construction in the area, making this a rare opportunity to deliver top-quality new space to the region. Over the past five years, annual asking rent growth has averaged 4.5% in office buildings and 2.7% in multifamily buildings, creating a lucrative leasing environment. Within 5 miles of the property, there lives a population of more than 171,000, with more than 41% currently renting their homes. Residents in the area command impressive average household incomes of over $92,000 and produced more than $2.1 billion in annual consumer spending during 2024. This valuable customer or tenant base provides strong support for a large number of potential projects at 3837 Plaza Tower Drive.
Absolute Auction - Starting at $1