4340 Auburn St Lake Charles, LA 70607
This exceptional commercial land opportunity, priced at $2,750,000, encompasses a substantial 36,590.4 square foot lot ideally situated in Lake Charles, Louisiana, at 4340 Auburn Street, zip code 70607. The property's strategic location is directly across from McNeese University, offering significant potential for various commercial ventures. Currently, the site features a 32-unit apartment complex, each unit a completely remodeled, never-lived-in studio apartment. Each studio boasts 540 square feet of sleek, modern living space, complete with stainless steel appliances (including dishwasher and microwave), neutral color palettes, and durable hard surface flooring. Washer/dryer connections are provided in each unit. Residents enjoy shared interior courtyard areas. All units are electric, with tenants responsible for electricity costs; however, water is included as the property is on a single meter. This property presents a compelling investment opportunity due to its size, location, and the existing, fully renovated apartment complex. Directions: From W Sale Road and Common Street, proceed south on Common Street, turn left onto Cusic Street, and then right onto Auburn Street. The apartment complex is on the right. This property is classified as Special Purpose Land.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.