Property profile

1355 Sam Houston Jones Pkwy Lake Charles, LA 70611

FOR LEASE
Strip malls
Property ID
US36-1425508
13.64 ac lot
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

Parkway Village, a 33,600 square foot strip center in Lake Charles, Louisiana, offers exceptional retail and restaurant opportunities. This prime location boasts three single-story buildings situated on a 5-acre lot with 208 parking spaces. Currently, the entire 33,600 square feet is available for lease, with spaces divisible to a minimum of 1,538 square feet and a maximum contiguous space of 6,000 square feet. The property features high visibility and high traffic counts due to its 1,000 feet of frontage on a major east/west thoroughfare. Its convenient location in Moss Bluff, a rapidly growing area with significant planned residential development (1,027 new residential lots approved), ensures a strong customer base. The property is zoned commercial and benefits from easy ingress and egress, making it ideal for businesses seeking high visibility and ample parking. The center is strategically located between Verizon and Crust Pizza. This presents a unique opportunity to capitalize on the substantial economic growth in Southwest Louisiana, projected to generate 60,000 jobs and $114 billion in capital investments. The property's location in Moss Bluff, known for its above-average public school system, further enhances its appeal.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Lot 13.64 ac (594,158 SF)
APN 4219
UPID US36-1425508

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
  • Physician
  • Pediatrician Physician
  • Physician
  • Physician
  • Pediatrician Physician

Location

1355 Sam Houston Jones Pkwy Lake Charles, LA 70611
Lake Charles metro Census 2204 LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2015
2 recorded transactions
2015
$400,000
2005
$155,152

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.
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More about this property
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