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    Tbd Contraband Pkwy Lake Charles, LA 70601

    Sponsored
    For Sale
    $1,100,000

    Prime 2.7-acre commercial lot, Contraband Parkway.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.7-acre commercial land parcel, located on Contraband Parkway in Lake Charles, Louisiana, presents a unique investment opportunity. The property boasts a substantial 117,612 square feet of land, zoned for business use, offering significant development potential. With a compelling asking price of $1,100,000, this translates to a land value of $12.50 per square foot. The property's address is TBD Contraband Parkway, Lake Charles, LA 70601 (APN 87556). The lot features approximately 140+ feet of frontage on Contraband Parkway, providing excellent visibility and accessibility. While the parcel is depicted as an example within the Contraband Pointe development, it offers considerable flexibility for various commercial uses, including hospitality, multi-family, office, retail, or vacation/resort development. Prospective buyers should note that infrastructure development, including road construction on the western boundary, is the responsibility of the purchaser. However, the seller will provide the necessary right-of-way for this road construction. This prime location in Lake Charles offers easy access to major transportation routes and a thriving local economy, making it an ideal site for a wide range of commercial ventures. Detailed information and visuals are available online.

    Property Features for 0 Tbd Contraband Pkwy

    General Information

    Property type
    Multifamily properties
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Map

    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.243672
    Latitude
    30.202961

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    FAQs

    What type of property is this?
    Multifamily property - Prime 2.7-acre commercial lot, Contraband Parkway.
    Where is this multifamily property located?
    The property is located at Tbd Contraband Pkwy Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    Request Owner's contact information
    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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