Property profile

1302 Sampson St Westlake, LA 70669

FOR SALE
Office Spaces
Property ID
US36-1424911
36 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, situated at 1302 Sampson Street, Unit 1302, in Westlake, Louisiana, presents a unique investment opportunity. Boasting 880 square feet on a 0.34-acre lot, this property enjoys 100 feet of frontage on Sampson Street, a major north/south thoroughfare with the highest traffic volume in the city. Its strategic location directly across from St. John Bosco ensures high visibility and accessibility. Currently operating as a profitable (seasonal) drive-through snow cone and ice cream shop, this versatile building has a proven track record of success in various businesses, including a beauty salon and dental office. The adaptable floor plan includes a food service and prep area, three rooms suitable for offices or storage, a storage/wet room, and a bathroom. Ample parking is available on the north half of the lot, leaving the south half for the building and drive-through. The property is located in Flood Zone X. Note that some or all of the existing food service equipment may be available for separate purchase. For those seeking expansion, the adjacent property to the south (MLS #SWL24000873 or SWL24000872) is also available, offering an additional 140 feet of Sampson Street frontage. This property is ideal for a variety of uses, including retail, food service, medical offices, or daycare. The high traffic count and prime location make this a truly exceptional investment opportunity. The asking price is $375,000.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Lot 36 ac (1,568,160 SF)
APN 704695
UPID US36-1424911

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
  • Grocery & Convenience Store Specialty Food Shop

Location

1302 Sampson St Westlake, LA 70669
Westlake metro Census 2600 LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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