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    OFF-MARKET
    Land

    0 Prien Lake Rd, Lake Charles, LA 70601

    1.86 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.86-acre commercial and residential land parcel is strategically located on E Prien Lake Rd in Lake Charles, Louisiana, offering significant development potential. The property boasts approximately 550 feet of road frontage, ensuring high visibility and accessibility. Its prime location provides easy access to key amenities and infrastructure, including a three-minute or less drive to Lake Charles Power Center, Memorial Hospital, and the I-210 on-ramp. Within a ten-minute radius, you'll find McNeese State University, Morganfield Development, Mallard Cove Golf Course, Interstate I-10, and the L'Auberge and Golden Nugget Casino Resorts. The surrounding areas, including 5th Ave, Louisiana Ave, and Southpark Dr, are projected to experience positive population growth over the next five years, further enhancing the property's long-term value. The land is zoned MU, offering flexibility for various development options. The asking price is $550,000, with a land value of $6.79 per square foot. This presents a compelling investment opportunity in a thriving Louisiana market. The property's proximity to major roadways, commercial centers, and residential areas makes it an ideal location for a wide range of commercial and residential projects. This is a rare opportunity to acquire a significant land parcel in a high-growth area of Lake Charles. The zip code is 70601.

    Property profile
    Verified
    Property type Land
    Lot 1.86 ac (81,022 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
    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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