0 Mcneese St Lake Charles, LA 70607
Exceptional 10.02-acre commercial land parcel in Lake Charles, Louisiana, is available for $6,000,000. This prime location sits on the hard corner of E McNeese St and Hwy 14, a high-traffic area with approximately 20,000+ vehicles passing daily. Its strategic position offers unparalleled visibility and accessibility. The property boasts exceptional proximity to key locations including MorganField, McNeese State University, Interstate 2-10, and the Lake Charles Power Center. This area is experiencing significant growth, with a 19.56% population increase over the past decade, fueled by developments such as the new Mallard Cove Golf Course and its clubhouse, and extensive residential construction by major homebuilders like D.R. Horton and DSLD, who have already developed over 1,600 lots within the MorganField development. Future development plans include new schools, St. Louis Catholic High School and Hamilton Christian High School. The property is divisible, presenting a unique opportunity for various commercial ventures. The land value is $15 per square foot. This is an ideal investment for developers seeking a high-visibility location within a rapidly expanding region.
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
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Property description
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No recorded transactions found for this property.
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Risks
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