Two-Unit Retail
3309 Common Street Unit 3309 Lake Charles, LA 70601
3309 Common Street Unit 3309, Lake Charles, LA, 70601
$250,000
For Sale
$250,000
Two separately configured rental retail spaces with ample on-site parking are fully occupied.
Property Size2,500 SF
Price / SF$100
Days on Market294
Property Features for 3309 Common Street Unit 3309
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Retail
Listing agency
EXP Realty, LLC
(337) 581-6395
Listed by
Denise Hanks · License #0995697205
(337) 581-6395
Source
Xome
Added: Oct 3, 2025 Updated: Jul 22 at 6:44PM Checked: Jul 22 at 6:44PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This retail property contains a total of 2,500 square feet configured as two separate rental spaces, allowing for flexible occupancy. Both spaces are currently rented. Ample on-site parking is available for tenants and customers.
The property is located on a very busy street with direct proximity to Interstate 210, providing daily traffic exposure.
For-sale investors and buyers will appreciate the current in-place tenancy across two distinct retail units within a single storefront property.
The property is located on a very busy street with direct proximity to Interstate 210, providing daily traffic exposure.
For-sale investors and buyers will appreciate the current in-place tenancy across two distinct retail units within a single storefront property.
Key Highlights
- 2,500 SF commercial property configured as two separate rental retail spaces
- Both rental spaces are currently rented
- Central air cooling and heating (3)
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 | $33.0k | $13.20 |
| − Vacancy | −$1.5k | −$0.59 |
| EGI | $31.5k | $12.61 |
| − OpEx | −$9.5k | −$3.78 |
| NOI | $22.1k | $8.82 |
2,500 SF · lease $13.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$315.2K
$275.8K – $367.7K
NOI $22,061 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$538.9K
$471.5K – $628.7K
NOI $37,721 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kfam TV
Television Studio
Peelers Paradise
Discount Store
Jefferson Lawn sevice ...
Landscaping
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two separately configured rental retail spaces with ample on-site parking are fully occupied.
Where is this retail space located?
The property is located at 3309 Common Street Unit 3309 Lake Charles, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,500 SF commercial property configured as two separate rental retail spaces; Both rental spaces are currently rented; Central air cooling and heating (3)
