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    157 Tourist Dr Gray, LA 70359

    For Sale
    $1,295,000

    Commercial - Gray, LA

    Property size:
    21,453 SF
    Lot size:
    7.24 Acres
    Days on Market:
    129
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 157 Tourist Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Parking Lot
    Exterior features
    Dead-end Lot, Storage
    Size
    21,453 SF
    Lot size
    7.24 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Zoned

    Building Details

    Flooring type
    Concrete, Tile, Tile - Ceramic, Wood
    Building materials
    Block
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    LaRussa Real Estate Agency, Inc. (985) 804-3208 [email protected]

    Listing agent S.P. LaRussa (985) 872-0444

    Listing date Aug 7, 2025

    MLS# 2025001903 Listing URL

    Copyright © 2025 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Upscale Banquet Hall in Gray

    Located off West Park Avenue on Tourist Drive in Gray, Louisiana, this commercial property presents a great investment opportunity. Currently operating as an upscale banquet hall and facility, the building features approximately 17,844 square feet of finished area, complemented by 2,411 square feet of rear storage and covered entrances. The property includes 200 parking spaces. Inside, there are two private offices, each with private storage and a shower/toilet area, in addition to eight bathrooms in total. Tourist Drive is home to medical facilities, architectural businesses, and the Tourist Commission, among others. The plat and legal description are scheduled to be updated in January 2025. The property occupies a 7.241-acre lot. The total living area is 21,453 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cypress Columns Banquet Hall

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gray
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.788073
    Latitude
    29.676046

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    FAQs

    What type of property is this?
    Wedding venue - Banquet hall/facility with 200 parking spaces in prime location.
    Where is this wedding venue located?
    The property is located at 157 Tourist Dr Gray, LA.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Prime location off West Park Ave on Tourist Drive.; - Large finished area of approximately 17,844 sq. ft.; - 200 +/- parking spaces.
    (985) 872-0444
    Request Owner's contact information
    157 Tourist Dr Gray, LA 70359
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    157 Tourist Dr Gray, LA 70359
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