Historic Downtown Commercial
321 Pryce Street Lake Charles, LA 70601
For Sale
Contact for pricing
2,400 SqFt building in Downtown Development District.
Property Size2,400 SF
Lot Size0.50 Acres
Price / SF$177.08
Days on Market149
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
Listing Agency:
Keller Williams Realty Lake Ch
Listed By:
Cassandra Groves · License #995695028
Source:
Crexi
Added: Feb 26
Changed: Jul 6
Last Checked: Jul 22 at 6:01AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $36,212 @ 7.0% cap · market cap 8.52%
Second Best
Retail
$302.5K
$264.7K – $353.0K
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Continental Room
Hotel & Motel
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.
