1515 Cmn St, Lake Charles, LA 70601-6131
This exceptional commercial property at 1515 Common Street in Lake Charles, Louisiana, presents a unique investment opportunity. The 1,348 square foot building sits on a 0.23-acre lot and is offered at $225,000. This updated cottage-style structure boasts vintage charm with hardwood floors and skeleton key doors, blended with modern updates. Features include a spacious lobby/reception area, three office rooms, a half bath, a full kitchen, and a conference/inventory room. Convenient amenities include a drive-around front and rear concrete parking area, a back loading ramp, and an inviting covered front porch with locking storage. The property has been meticulously maintained, showcasing professional landscaping and an outdoor lighting irrigation system. Recent improvements include a new roof, fresh paint throughout, and a complete Pex plumbing update. The building's history includes successful use as a boutique and a law office, highlighting its versatility. High traffic and visibility on Common Street ensure excellent exposure for any business. Most furnishings are included in the sale. This is an ideal location for a variety of commercial ventures. The property's MLS number is SWL24006107. The building was constructed in 1971.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.