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801 Prien Lake Rd Lake Charles, LA 70601

OFF-MARKET Retail properties & Spaces Google Maps
6,476 SF 0.31 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional commercial property, located at 801 E. Prien Lake Rd, Lake Charles, LA 70601, presents a lucrative investment opportunity. The 6,476 square foot building sits on a 0.31-acre lot and boasts a prime corner location, offering excellent visibility and accessibility from both Prien Lake Road and Kirkman Street. Currently occupied by three independent businesses with long-term leases, this property generates immediate cash flow for the new owner. The existing tenants provide a stable income stream, minimizing vacancy risk. The property's design allows for potential expansion, with space for two additional businesses. This translates to significant upside potential for increased revenue and return on investment. The asking price is $925,000. This is a rare opportunity to acquire a well-established, high-performing retail property in a desirable location. The property's strong tenant occupancy, strategic location, and expansion potential make it an ideal investment for both seasoned and new investors seeking a stable and profitable venture. MLS# SWL24003545, 39-275.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,476 SF
Lot 0.31 ac (13,504 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store

Value estimations

Realmo proprietary · 4 methods
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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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