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    1221 Martin Luther King Hwy Lake Charles, LA 70601

    Sponsored
    For Sale
    $420,000

    Turnkey Restaurant, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 1221 N Martin Luther King Highway in Lake Charles, Louisiana, presents a unique investment opportunity. The main building, totaling 1,512 square feet, currently operates as a leased restaurant and enjoys high visibility due to its prime corner lot location and proximity to I-10. The property includes two additional buildings, ideal for storage or supplementary uses such as a crawfish boiling area, along with a convenient patio. Ample side parking is available for patrons. The property's strategic placement ensures consistent vehicular traffic and excellent exposure. Given the current tenant occupancy, all showings require discretion, and there is no "for sale" sign on the site. This turnkey restaurant offers immediate income potential and is perfect for expanding or starting a restaurant business. The asking price for this special purpose, industrial, and land property is $420,000. The zip code is 70601, and the property is situated in Calcasieu Parish. Serious inquiries only.

    Property Features for 1221 Martin Luther King Hwy

    General Information

    Property type
    Manufacturing properties

    HighLights

    • $420,000 asking price.
    • 1,512 SF main building plus two additional outbuildings and patio on a corner lot with ample parking.
    • Located on high‑traffic Martin Luther King Highway near I‑10 in Lake Charles, LA.
    • Currently leased to a restaurant; showings require discretion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Asia bbq Asian Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu Parish
    State
    Louisiana
    Longitude
    -93.1809048
    Latitude
    30.2545419

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    FAQs

    What type of property is this?
    Manufacturing property - Turnkey Restaurant, High Traffic Area
    Where is this manufacturing property located?
    The property is located at 1221 Martin Luther King Hwy Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: $420,000 asking price.; 1,512 SF main building plus two additional outbuildings and patio on a corner lot with ample parking.; Located on high-traffic Martin Luther King Highway near I-10 in Lake Charles, LA.
    Request Owner's contact information
    1221 Martin Luther King Hwy 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
    1221 Martin Luther King Hwy Lake Charles, LA 70601
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