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    at Swanson Prien Lake Rd Lake Charles, LA 70605

    Sponsored
    For Sale
    $2,023,908

    Prime 2.87-acre commercial corner lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.87-acre commercial property in Lake Charles, Louisiana, presents a unique investment opportunity. Ideally situated on the corner of W Prien Lake Road and Swanson Lane, this C-2 zoned lot boasts 225 feet of frontage on W Prien Lake Road and an impressive 540-foot depth on Swanson Lane. Its strategic location offers unparalleled visibility and accessibility, situated within 1200 feet of Nelson Road and the Walmart entrance. The property benefits from proximity to major retail establishments, restaurants, medical facilities, and prominent hotels, including the L'auberge and Golden Nugget Casinos and Golf Resorts. High traffic counts are expected due to easy access to I-210 via Nelson Road or the Cove Lane traffic circle. This makes it suitable for a wide range of commercial developments, such as hotels, office buildings, retail spaces, and restaurants. The property's high visibility from I-210 is a significant advantage. While priced at $16 per square foot for the land, existing structures could generate rental income pending development. The final price will be determined by a buyer's survey. This is a rare opportunity to acquire a highly visible and strategically located commercial parcel in a thriving area. The Calcasieu Parish Police Jury has designated the zoning as C-2.

    Property Features for at Swanson Prien Lake Rd

    General Information

    Property type
    Land
    Lot Size
    125,017 SF

    HighLights

    • $2,023,908 asking price for 2.87 acres of C‑2 zoned commercial land.
    • Located in Lake Charles, LA, at TBD W Prien Lake Road and Swanson Lane, zip code 70605.
    • 225' frontage on W Prien Lake Road and 540' depth on Swanson Lane, near I‑210, Walmart, and casinos.
    • Land value: $16/SF.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.252922175104
    Latitude
    30.194513476369

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    FAQs

    What type of property is this?
    Land - Prime 2.87-acre commercial corner lot.
    Where is this land located?
    The property is located at at Swanson Prien Lake Rd Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $2,023,908.
    What are key features of this property?
    This property features: $2,023,908 asking price for 2.87 acres of C-2 zoned commercial land.; Located in Lake Charles, LA, at TBD W Prien Lake Road and Swanson Lane, zip code 70605.; 225' frontage on W Prien Lake Road and 540' depth on Swanson Lane, near I-210, Walmart, and casinos.
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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
    at Swanson Prien Lake Rd Lake Charles, LA 70605
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