420 Mcneese St Lake Charles, LA 70605-5566
- Retail space
Current Use by Public Records
- Platinum Affairs Catering & Event Planning / Caterer / Banquet Hall
- Gaudee Maudee / Clothing Store / Children'S Clothing Store
- Primary Billing Services / Financial Consultant
- Southwest Graphics / Clothing Store / Screen Printer
Property Details for 420 Mcneese St
- Property type
- Retail space
- APN
- 390399
- APU
- 390399
Description
This exceptional commercial property, located at 420 W McNeese St in Lake Charles, Louisiana, presents a compelling investment opportunity. The 5,940 square foot building sits on a 0.46-acre lot and features four versatile units, each with its own restroom, separate electrical meter, and central AC system. The front building is constructed of brick, while the rear is a metal structure, both boasting a recently coated metal roof (2022) with a 10-year warranty from Bison Coating. Each unit also includes a gas-powered water heater. Recent renovations include new flooring, walls, exterior paint, windows, toilets, sinks, back exit doors, and warehouse garage doors. Ample parking is available in the front, side, and rear, all enclosed by new fencing. Security system wiring is pre-installed. The property's prime location on McNeese Street, near McNeese State University, ensures high visibility and traffic. Previously rented units commanded $800-$1,500 per month, indicating strong potential for rental income growth. The property's APN is 00390399. This is a turnkey investment opportunity in a desirable area of Lake Charles. The asking price is $430,000 ($72.39/sq ft).
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Charles
- County
- Calcasieu
- State
- Louisiana
- Longitude
- -93.2258
- Latitude
- 30.1765
- CBSA code
- 29340
- CBSA name
- LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA
