For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Downtown Commercial Property Title is generated by Realmo AI

    321 Pryce Street, Lake Charles, LA 70601

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2,400 SqFt building in Downtown Development District.

    Type:Mixed Use
    Property size:
    2,400 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $177/SF
    Added:
    Feb 26, 2026
    Days on Market:
    104
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 321 Pryce Street

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.50 Acres
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1933

    We can help!

    Listing Contact
    Cassandra Groves

    Listing agent Cassandra Groves License #995695028

    Listing office Keller Williams Realty Lake Ch

    Listing date Feb 26, 2026

    Source Crexi

    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 Keller Williams Realty Lake Ch

    HighLights

    • Prime location in Downtown Development District, blocks from Downtown Lake Charles.
    • Large 2,400 SqFt building adaptable for retail, office, restaurant, or entertainment use.
    • Nearly half‑acre lot with valuable on‑site parking and room for future expansion.
    • Original architectural character with functional open space.
    • Excellent visibility and convenient access.
    • Strong redevelopment potential for owner‑user or investor.

    Overview

    This commercial property is located in the Downtown Development District, a few blocks from Downtown Lake Charles. The 2,400 SqFt building, formerly the historic Trailways Bus Station and later The Continental Room event center, presents an opportunity for retail, office, restaurant, or entertainment use. The structure retains original architectural character and offers functional open space suitable for various business types. Situated on nearly half an acre, the property includes on-site parking and room for future expansion. The property has visibility, convenient access, and redevelopment potential, making it suitable for an owner-user or investor.

    Local Financial Insights For Specialty 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 $50.4k $21.00
    − Vacancy −$2.1k −$0.88
    EGI $48.3k $20.12
    − OpEx −$12.1k −$5.03
    NOI $36.2k $15.09
    2,400 SF · lease $21.00/SF/yr · vacancy 4.20% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $517.3K
    $452.7K – $603.5K (±1% cap)
    NOI $36,212 @ 7.0% cap · market cap 8.52%
    Second Best
    Retail
    $302.5K
    $264.7K – $353.0K (±1% cap)
    NOI $21,178 @ 7.0% cap · market cap 4.98%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Continental Room Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Daycare Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.218351
    Latitude
    30.234221

    FAQs

    What type of property is this?
    Mixed-use property - 2,400 SqFt building in Downtown Development District.
    Where is this mixed-use property located?
    The property is located at 321 Pryce Street Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Prime location in Downtown Development District, blocks from Downtown Lake Charles.; Large 2,400 SqFt building adaptable for retail, office, restaurant, or entertainment use.; Nearly half‑acre lot with valuable on‑site parking and room for future expansion.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message