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    Contraband Pkwy Lake Charles, LA 70601

    Sponsored
    For Sale
    $16,400,000

    66 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 66-acre commercial land parcel in Lake Charles, Louisiana, presents a unique investment opportunity. Located on Contraband Parkway in Calcasieu Parish (zip code 70601), this property boasts prime waterfront and retail frontage, offering unparalleled access to high-traffic areas. Its strategic location near the Golden Nugget and L'auberge Hotel and Golfing Resorts, along with existing retail and medical facilities, and proximity to I-210, makes it ideal for a diverse range of developments. Permitted zoning is Business, allowing for hospitality, restaurants, recreation, entertainment, retail, multi-family, residential, and water-related projects. The land is priced at $16,400,000, with a land value of $7.31 per square foot. This is a rare chance to acquire a significant tract of land in a thriving Southwest Louisiana market, benefiting from the substantial tourism generated by the nearby casinos and resorts. The property's size and location offer developers exceptional flexibility and potential for significant returns. Serious inquiries are encouraged to explore this remarkable development opportunity.

    Property Features for 0 Contraband Pkwy

    General Information

    Property type
    Land
    Lot Size
    2,874,960 SF

    HighLights

    • $16,400,000 asking price.
    • 66‑acre commercial land parcel.
    • Business zoning.
    • $7.31/SF land value.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Charles
    County
    Calcasieu Parish
    State
    Louisiana
    Longitude
    -93.244743
    Latitude
    30.204221

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    FAQs

    What type of property is this?
    Land - 66 Acres, Prime Development Opportunity
    Where is this land located?
    The property is located at Contraband Pkwy Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $16,400,000.
    What are key features of this property?
    This property features: $16,400,000 asking price.; 66-acre commercial land parcel.; Business zoning.
    Request Owner's contact information
    Contraband Pkwy Lake Charles, LA 70601
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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
    Contraband Pkwy Lake Charles, LA 70601
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