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Property profile & analytics
OFF-MARKET
Land

0 Contraband Pkwy Lake Charles, LA 70601

66 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 66-acre commercial land parcel in Lake Charles, Louisiana, presents a unique investment opportunity. Located on Contraband Parkway in Calcasieu Parish (zip code 70601), this property boasts prime waterfront and retail frontage, offering unparalleled access to high-traffic areas. Its strategic location near the Golden Nugget and L'auberge Hotel and Golfing Resorts, along with existing retail and medical facilities, and proximity to I-210, makes it ideal for a diverse range of developments. Permitted zoning is Business, allowing for hospitality, restaurants, recreation, entertainment, retail, multi-family, residential, and water-related projects. The land is priced at $16,400,000, with a land value of $7.31 per square foot. This is a rare chance to acquire a significant tract of land in a thriving Southwest Louisiana market, benefiting from the substantial tourism generated by the nearby casinos and resorts. The property's size and location offer developers exceptional flexibility and potential for significant returns. Serious inquiries are encouraged to explore this remarkable development opportunity.

Property profile
Verified
Property type Land
Lot 66 ac (2,874,960 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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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