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3202 Gerstner Memorial Dr Lake Charles, LA 70601

OFF-MARKET Retail properties & Spaces Google Maps
163,790 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

Oak Park Square, located at 3202 Gerstner Memorial Drive in Lake Charles, Louisiana (zip code 70601), presents a unique retail investment opportunity. This newly rebuilt shopping center boasts a total of 163,790 square feet of commercial space, currently 100% vacant and available for lease. The property is situated along the high-traffic intersection of Gerstner Memorial Drive and E Prien Lake Road, ensuring excellent visibility and accessibility for businesses. The center features a strong anchor tenant lineup including Big Lots, Affordable Warehouse, DD's Discounts, and City Gear, creating a vibrant and established retail environment. Spaces are available in various sizes, ranging from a minimum of 1,600 square feet to a maximum contiguous space of 75,000 square feet. This allows for flexibility to accommodate a wide range of retail concepts, from smaller boutiques to large-format big-box stores. The property's Assessed Parcel Number (APN) is 091008-1367-85 -0016. There is also potential for build-to-suit opportunities for larger tenants, ranging from 10,000 to 60,000 square feet. This prime location and flexible space options make Oak Park Square an exceptional opportunity for businesses seeking high visibility and strong tenant synergy in a thriving Louisiana market.

Property profile

Verified
Property type Retail properties & Spaces
Total area 163,790 SF

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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