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    TBD Contraband Pkwy Lake Charles, LA 70601

    Sponsored
    For Sale
    $7,700,000

    25+ Acres, Prime Contraband Parkway Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25.3-acre commercial land parcel in Lake Charles, Louisiana, presents a unique investment opportunity. Ideally situated on Contraband Parkway (sections 3C & 3D), the property boasts approximately 2400 feet of frontage, providing excellent visibility and accessibility. The site is zoned for multi-family, professional, and retail development, offering considerable flexibility for various projects. All wetlands have been mitigated, except for a small, non-impacting section along a drainage lateral. A Traffic Impact Analysis has been approved by the Louisiana Department of Transportation, streamlining the development process. Essential infrastructure is already in place, including power lines (conduit installed), water, and sewer. The seller will provide the right-of-way for an east-west road, while buyers are responsible for internal infrastructure and road construction. This property benefits from the upcoming Nelson Road extension bridge, enhancing connectivity to prestigious neighborhoods and downtown Lake Charles. The location offers easy access from an internal traffic circle on Contraband Parkway and a nearby entrance closer to W. Prien Lake Road. Additional acreage is available in adjacent areas if needed. This is a remarkable opportunity to capitalize on the growth and development potential of this thriving Louisiana market. The asking price is $7,700,000. The property is located in Calcasieu Parish, Louisiana, zip code 70601.

    Property Features for TBD Contraband Pkwy

    General Information

    Property type
    Land

    HighLights

    • 25.3‑acre commercial land parcel in Lake Charles, LA.
    • Approximately 2400 feet of frontage on Contraband Parkway (sections 3C & 3D).
    • Zoned for multi‑family, professional, and retail development.
    • Wetlands mitigated (except for a small, non‑impacting section).
    • Approved Traffic Impact Analysis (Louisiana DOT).
    • Utilities (power, water, sewer) available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Charles
    County
    Calcasieu Parish
    State
    Louisiana
    Longitude
    -93.244487
    Latitude
    30.201969

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    FAQs

    What type of property is this?
    Land - 25+ Acres, Prime Contraband Parkway Location
    Where is this land located?
    The property is located at TBD Contraband Pkwy Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $7,700,000.
    What are key features of this property?
    This property features: 25.3-acre commercial land parcel in Lake Charles, LA.; Approximately 2400 feet of frontage on Contraband Parkway (sections 3C & 3D).; Zoned for multi-family, professional, and retail development.
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    TBD 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
    TBD Contraband Pkwy Lake Charles, LA 70601
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