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    FOR SALE
    Office Spaces

    1111 Ryan St, Lake Charles, LA 70601

    Entity Owned Free & Clear
    Property ID
    US36-0090784
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 13,504 square foot commercial land parcel ideally situated at 1111 Ryan Street in Lake Charles, Louisiana, zip code 70601. The property is conveniently located near the courthouse and the vibrant downtown area, offering easy access to local amenities. While currently improved with a 6328 square foot office building featuring ten individual office spaces, a shared 540 square foot conference room, a 300 square foot reception area with receptionist services, and a break room, the property's potential extends beyond its existing structure. The building boasts a private rear entrance, ample parking, and is handicapped accessible. Utilities, including electricity and water, are provided by the landlord. A one-year lease is required for tenants. Further enhancing the property's value is an additional parking lot situated on Bilbo Street, measuring approximately 52 x 199 feet. This combined offering presents a unique opportunity for investors seeking a prime location with significant development potential in a thriving downtown setting. The asking price for this remarkable property is $1,100,000. Showings are by appointment only.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    APN 553298
    UPID US36-0090784
    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
    Current use
    Occupant on record · Public records
    • Thibodeaux Harold L Law Firm
    • Vamvoras Glen Law Firm
    • Law Office of Hillary L. Nixon, LLC Law Firm Child Welfare Organization
    • White Richard F Law Firm
    • Ward III H Clay Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    GDV HOLDINGS LLC
    GDV HOLDINGS LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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