9585 Big Lk Rd Lake Charles, LA 70605-0314
Property summary
This exceptional waterfront property, situated on 17.04 acres in Lake Charles, Louisiana, presents a unique investment opportunity. The 2,940 square foot Castaways Bar and Event Center boasts stunning views from its second-story covered patio overlooking the intercoastal canal. The property features multiple indoor and outdoor bars, a stage with professional lighting, ample seating, and a full upstairs bar. While currently not equipped for food service, the interior is easily adaptable. Additional amenities include a staff restroom, private office with safe and security system, four total restrooms, and handicap accessibility. The expansive outdoor area includes a lighted walkway, swings, seating, a firepit, hammock stands, and industrial scaffolding for outdoor staging. A tool storage area and an 8x20' storage container are also on the property. Camper hookups are available, and over 300 feet of road frontage provides ample parking. The property has demonstrated resilience against hurricanes and flooding, with minimal damage reported. Pilings are driven 10 feet into the ground. Some furniture, décor, and equipment will convey with the sale. Asking price: $595,000. This turnkey business is ready for a new owner to capitalize on its established success and prime location. The property is located at 9585 Big Lake Rd, Lake Charles, LA 70605.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel Resort
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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