929 3rd Ave Lake Charles, LA 70601
65,636 SF multi-tenant retail center in Lake Charles, Louisiana.
Type:Shopping Strip
Property size:
65,636 SFLot size:
5.14 AcresPrice / SF:
$11/SF- Added:
- Apr 3, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 3 at 5:05 am
Property Features for 929 3rd Ave
General Information
- Standard status
- Active
- Size
- 65,636 SF
- Lot size
- 5.14 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1963
Listing agent Philip Levy License #TX: 0522087 (972) 755-5225
Listing office Dallas Office (972) 755-5225
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
Grocery-Anchored Retail Center For Sale
This 65,636-square-foot, multi-tenant retail center is located in Lake Charles, Louisiana. Known as East Town Shopping Center, the property is anchored by Market Basket, a tenant for over 60 years. The center is currently 71 percent occupied with a mix of triple net and gross leases, offering potential for increased income through leasing the remaining vacant space and converting all leases to triple-net structures. The tenant mix includes national and regional credit tenants such as Simply 10, Dollar Tree, and Hibbett Sports. Situated on 5.144 acres, the property features ample paved parking. A new roof was reportedly installed in 2015 with a 15-year warranty, and recent improvements in 2023 include partial parking lot repaving and repairs, along with exterior painting. The shopping center is located on 3rd Avenue, near the signalized intersection with U.S. 90 (Broad Street), a major east-west thoroughfare with traffic counts exceeding 11,229 vehicles per day. The property is near multiple warehouse businesses and several schools, including Calcasieu Parish School Board High, Calcasieu Parish Board Early Childhood, Pearl Watson Elementary School, Lake Charles-Boston Academy of Learning, and Hamilton Elementary School. The surrounding area is densely populated with more than 83,303 residents within a five-mile radius, with an average household income of $70,163.
Location Intelligence
Current Use by Public Records
Coinstar
Bank
Market Basket
Grocery & Convenience Store
Primo Water Refill
Big Box & Wholesale Store
Eastown Shopping Center
Business Service Center
Location Insight
- Map
- Local Demand
- City
- Lake Charles
- County
- Calcasieu
- State
- Louisiana
- Longitude
- -93.195673
- Latitude
- 30.225852
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 65,636 SF multi-tenant retail center in Lake Charles, Louisiana.
Where is this shopping center located?
The property is located at 929 3rd Ave Lake Charles, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Grocery‑anchored retail center with Market Basket as anchor tenant for over 60 years.; Significant upside potential through leasing remaining vacancy and converting leases to triple‑net.; Located on a major thoroughfare (3rd Avenue near U.S. 90) with high traffic counts (11,229+ vehicles per day).
