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    OFF-MARKET
    Strip malls

    227 Hwy 171, Lake Charles, LA 70611

    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US36-0310629
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 227 Highway 171 N in Lake Charles, Louisiana, presents a compelling investment opportunity. Situated on a substantial 39,474 square foot lot, this property enjoys a highly visible location along Highway 171, boasting a daily traffic count exceeding 31,000 vehicles. Currently housing three occupied units, each secured by a five-year lease, the property offers immediate income generation and long-term stability. Two of the tenants are successful food service businesses, catering to the area's consistent demand for dining options, while the third is a retail establishment, creating a diverse tenant mix. The building itself is a well-maintained structure featuring a metal frame with a brick façade and a durable metal roof. Energy efficiency is ensured by spray foam insulation. Two convenient access points, one from Highway 171 and another from Armistead Lane, enhance visibility and accessibility. Tenants are responsible for their own signage, minimizing maintenance for the owner. This property offers a unique blend of high traffic visibility, stable income, and a well-constructed building, making it an ideal investment for discerning buyers seeking a strong return on investment in the thriving Moss Bluff market. The asking price is $2,000,000. The property is zoned for commercial use and located in Calcasieu Parish, zip code 70611.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    APN 736
    UPID US36-0310629
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Divine One LLC · 13 yrs held
    Divine One LLC
    since 2013
    1 recorded transaction
    2013
    $335,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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