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    OFF-MARKET
    Retail properties & Spaces

    801 Prien Lake Rd, Lake Charles, LA 70601

    6,476 SF 0.31 ac lot
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • liquidation super store Furniture & Home Goods Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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