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    Petro Point Dr Lake Charles, LA 70607

    For Sale
    $650,000

    5.81 Acres, C/R Zoning, Great Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5.81-acre parcel, located at the end of Petro Point Drive in Lake Charles, Louisiana, presents a unique investment opportunity. Zoned for both Commercial and Residential uses (C/R), this property offers significant development potential. The property's location in Calcasieu Parish, zip code 70607, provides convenient access to local amenities and transportation routes. Detailed site plans and surveys are available upon request, providing comprehensive information for potential developers. The land is situated in Flood Zone X, according to LSU AG flood maps. All measurements are more or less. The asking price for this expansive tract is $650,000. The property's Assessment Parcel Number (APN) is 00861065F. A drive-by is encouraged to appreciate the property's size and location. This versatile land is ideal for a variety of projects, making it an attractive proposition for investors seeking a prime location in a growing area. Serious inquiries are welcome.

    Property Features for 0 Petro Point Dr

    General Information

    Property type
    Land
    Lot Size
    253,084 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Charles
    County
    Calcasieu Parish
    State
    Louisiana
    Longitude
    -93.2115626
    Latitude
    30.1649524

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    FAQs

    What type of property is this?
    Land - 5.81 Acres, C/R Zoning, Great Potential
    Where is this land located?
    The property is located at Petro Point Dr Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $650,000.
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    Petro Point Dr Lake Charles, LA 70607
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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
    Petro Point Dr Lake Charles, LA 70607
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