Mixed-Use Live/Work
242 West Hale Street Lake Charles, LA 70601
242 West Hale Street, Lake Charles, LA, 70601
$238,500
For Sale
$238,500
Updated live/work commercial space offers 3 bedrooms and 2 bathrooms with flexible layout for residential or business use.
Property Size1,424 SF
Price / SF$167.49
Days on Market111
Property Features for 242 West Hale Street
General Information
- Standard status
- Active
- Size
- 1,424 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1962
Listing agency
BRICKS & MORTAR- REAL ESTATE CO.
(337) 564-6345
Listed by
Cassandra Groves
Source
Xome
Added: Apr 3 Updated: Jul 21 at 2:14AM Checked: Jul 21 at 3:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BRICKS & MORTAR- REAL ESTATE CO.
Investment Insights
Based on property information with market context.
This mixed-use commercial property was formerly a nail salon and is configured with 3 bedrooms and 2 bathrooms. The layout is adaptable for residential use, business use, or a live/work setup, and the interior has been recently refreshed with fresh paint and brand-new flooring, presenting a bright, turnkey environment for a new owner.
The property is positioned on high-visibility frontage on Ernest Street, directly across from Prien Lake Mall. With ample on-site parking, it offers convenient access for customers and occupants in a central retail and dining area.
All measurements are approximate and provided on an M/L basis.
The property is positioned on high-visibility frontage on Ernest Street, directly across from Prien Lake Mall. With ample on-site parking, it offers convenient access for customers and occupants in a central retail and dining area.
All measurements are approximate and provided on an M/L basis.
Key Highlights
- Updated live/work commercial space with 3 bedrooms and 2 bathrooms and a flexible layout for residential or business use
- Fresh interior paint and brand‑new flooring throughout
- Located directly across from Prien Lake Mall with Ernest Street frontage
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.8k | $13.20 |
| − Vacancy | −$846 | −$0.59 |
| EGI | $18.0k | $12.61 |
| − OpEx | −$5.4k | −$3.78 |
| NOI | $12.6k | $8.82 |
1,424 SF · lease $13.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$179.5K
$157.1K – $209.4K
NOI $12,566 @ 7.0% cap · market cap 5.27%
Second Best
Mixed Use
$178.5K
$156.2K – $208.3K
NOI $12,496 @ 7.0% cap · market cap 5.24%
Theoretical Best
Specialty Retail
$306.9K
$268.6K – $358.1K
NOI $21,486 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Beauty Spa & Nails
Nail Salon
Who Dat Beauty ...
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Updated live/work commercial space offers 3 bedrooms and 2 bathrooms with flexible layout for residential or business use.
Where is this live-work space located?
The property is located at 242 West Hale Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $238,500.
What are key features of this property?
This property features: Updated live/work commercial space with 3 bedrooms and 2 bathrooms and a flexible layout for residential or business use; Fresh interior paint and brand‑new flooring throughout; Located directly across from Prien Lake Mall with Ernest Street frontage
