Property profile

Charles LA Nelson Rd Tract 1 Lk Lake Charles, LA 70605

OFF-MARKET
Land
1.05 ac lot
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Property summary

AI-generated overview

This exceptional 1.049-acre commercial land parcel presents a remarkable investment opportunity in the thriving Lake Charles, Louisiana market. Strategically located on Nelson Road, this property enjoys a prime position within the bustling HR Crossing development, sharing proximity to established and successful businesses such as Rouses, Orange Theory Fitness, and PJ's Coffee. The site benefits from existing infrastructure, including readily available drainage, retention systems, and convenient access points, significantly reducing development hurdles and accelerating project timelines. The property's location within HR Crossing, alongside other successful developments like Oak Crossing and Dominion Plaza, underscores its potential for significant return on investment. The 1.049-acre lot offers flexibility, with the possibility of subdivision to accommodate diverse development plans. This parcel is ideally suited for a wide range of commercial ventures, capitalizing on the high visibility and strong foot traffic characteristic of this established commercial area. The property's Assessed Parcel Number (APN) is 00074187. The asking price for this exceptional opportunity is $3,500,000. All measurements are more or less.

Property profile

Verified
Property type Land
Lot 1.05 ac (45,694 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Charles LA Nelson Rd Tract 1 Lk Lake Charles, LA 70605
Lake Charles metro
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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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