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    3450 5Th Ave Lake Charles, LA 70607

    Sponsored
    For Sale
    $2,200,000

    Massive Event Venue & Warehouse

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Lake Charles, LA property, encompassing three addresses (3450, 3500, and 3510 5th Avenue), offers a unique investment opportunity. The main building, totaling 12,500 square feet, is currently operating as a successful event venue, featuring a large dining/gathering room, a fully operational commercial kitchen, extensive storage areas, a sizable pantry, laundry facilities, executive and clerical offices, and restrooms. Adjacent to the main building is a 4,500 square foot, four-unit office and warehouse complex. The expansive 2.83-acre lot provides ample parking for up to 165 vehicles, including five designated handicapped spaces. The property boasts a robust 3-phase, 400-amp electrical service and five of six HVAC units are currently operational. The warehouse units have individual plumbing connections, presenting potential for future independent rental income. This versatile property is priced at $2,200,000 and offers significant potential for various commercial uses. The property is located in Calcasieu Parish, LA, zip code 70607.

    Property Features for 3450 5Th Ave

    General Information

    Property type
    Land

    HighLights

    • Exceptional Lake Charles, LA investment opportunity encompassing three addresses (3450, 3500, and 3510 5th Avenue).
    • 12,500 SF main building currently operating as a successful event venue with large dining/gathering room, commercial kitchen, ample storage, and offices.
    • Adjacent 4,500 SF, four‑unit office/warehouse complex.
    • 2.83‑acre lot with parking for 165 vehicles (5 handicapped spaces).
    • Robust 3‑phase, 400‑amp electrical service; five of six HVAC units operational.
    • Warehouse units have individual plumbing for potential independent rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -93.1900876
    Latitude
    30.1934764

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    FAQs

    What type of property is this?
    Land - Massive Event Venue & Warehouse
    Where is this land located?
    The property is located at 3450 5Th Ave Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Exceptional Lake Charles, LA investment opportunity encompassing three addresses (3450, 3500, and 3510 5th Avenue).; 12,500 SF main building currently operating as a successful event venue with large dining/gathering room, commercial kitchen, ample storage, and offices.; Adjacent 4,500 SF, four-unit office/warehouse complex.
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    3450 5Th Ave Lake Charles, LA 70607
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    Lake Charles, LA 70607
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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
    3450 5Th Ave Lake Charles, LA 70607
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