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9585 Big Lk Rd Lake Charles, LA 70605-0314

OFF-MARKET Bars & Pubs Google Maps
17.04 ac lot
Entity Owned ~ Est. High Equity
Estimated value (blended)
$225k
Range $203k – $248k (±10%)
Property ID US36-1460700

Property summary

AI-generated overview

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

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Lot 17.04 ac (742,262 SF)
APN 75221
UPID US36-1460700

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
  • Hotel & Motel Resort

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2025
Last sale
$392,000
3 recorded transactions
2025
$392,000
2019
Price N/A
2016
$10,500

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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