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    Frontage Rd Lake Charles, LA 70647

    Sponsored
    For Sale
    $19,166,400

    88 Acres, Multi-Use Potential, Shovel Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 88-acre parcel presents a remarkable development opportunity in Iowa, Louisiana. Strategically located on Frontage Road and LA 101, this expansive land offers unparalleled versatility for a wide range of commercial and residential projects. Currently zoned for both commercial and industrial uses, the property boasts pre-approved plans for a mobile home park, apartment complex, or residential subdivision, making it an ideal investment for developers seeking immediate action. The seller is willing to subdivide the land to accommodate specific project needs. Infrastructure is already in place, with existing water retention ponds, eliminating significant upfront development costs and expediting the construction process. Priced at $19,166,400, with a land value of $5 per square foot, this property represents a significant opportunity for substantial return on investment. Its prime location and flexible zoning make it an attractive proposition for various development scenarios, promising a high potential for future growth and profitability. The "shovel-ready" status of this property ensures a swift transition from acquisition to construction, minimizing delays and maximizing efficiency. This is a rare chance to acquire a large, versatile tract of land in a rapidly developing area.

    Property Features for 0 Frontage Rd

    General Information

    Property type
    Land
    Lot Size
    3,833,280 SF

    HighLights

    • $19,166,400 asking price.
    • 88‑acre land parcel.
    • Commercial and Industrial zoning permitted.
    • $5/SF land value.
    • Broker co‑op available.
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Charles
    County
    Calcasieu Parish
    State
    Louisiana
    Longitude
    -93.0304464
    Latitude
    30.2474467

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    FAQs

    What type of property is this?
    Land - 88 Acres, Multi-Use Potential, Shovel Ready
    Where is this land located?
    The property is located at Frontage Rd Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $19,166,400.
    What are key features of this property?
    This property features: $19,166,400 asking price.; 88-acre land parcel.; Commercial and Industrial zoning permitted.
    Request Owner's contact information
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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
    Frontage Rd Lake Charles, LA 70647
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