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1221 Martin Luther King Hwy Lake Charles, LA 70601

OFF-MARKET Specialty properties Google Maps
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional commercial property, located at 1221 N Martin Luther King Highway in Lake Charles, Louisiana, presents a unique investment opportunity. The main building, totaling 1,512 square feet, currently operates as a leased restaurant and enjoys high visibility due to its prime corner lot location and proximity to I-10. The property includes two additional buildings, ideal for storage or supplementary uses such as a crawfish boiling area, along with a convenient patio. Ample side parking is available for patrons. The property's strategic placement ensures consistent vehicular traffic and excellent exposure. Given the current tenant occupancy, all showings require discretion, and there is no "for sale" sign on the site. This turnkey restaurant offers immediate income potential and is perfect for expanding or starting a restaurant business. The asking price for this special purpose, industrial, and land property is $420,000. The zip code is 70601, and the property is situated in Calcasieu Parish. Serious inquiries only.

Property profile

Verified
Property type Specialty properties

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
  • Restaurant

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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