For Sale
$3,135,000

929 3Rd Ave Lake Charles, LA 70601

Lake Charles retail center, strong NOI.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This 65,636 square foot shopping center in Lake Charles, Louisiana, presents a compelling investment opportunity. Located at 929 3rd Avenue, zip code 70601, the property boasts a strong tenant mix including Dollar Tree, Market Basket (a regional grocer with 65 locations and over 60 years at this location), Hibbett Sports, and a lease pending with a new tenant through 2029. A Family Dollar space is also included, with a lease extending through 2027. The center enjoys high visibility and benefits from a strong secondary market demographic, with 51,000 residents within a three-mile radius. The asking price is $3,135,000, representing a price per square foot of $47.76 and an 8.75% cap rate. The current Net Operating Income (NOI) is $274,347, with an occupancy rate of 77.7%. The property has been professionally managed, with minimal deferred maintenance, and recently underwent over $60,000 in upgrades. Lease terms vary among tenants. This multi-tenant retail property offers a stable income stream and significant growth potential.

Property Details for 929 3Rd Ave

Property type
Lifestyle centers, Power centers
Square Feet
65,636 SF

Location Insight

City
Lake Charles
County
Calcasieu
State
Louisiana
Latitude
30.225377
Longitude
-93.195149

Nearby Similar for Sale

  • For Sale
    $999,000

    181 Us-171

    Lifestyle centers • 20,769 SF

    181 Us-171
    Moss Bluff, LA
    View Details
  • For Sale
    $3,740,000

    Lake Charles Shopping Center

    High-yield, triple-net leased retail center

    2020 Country Club Rd
    Lake Charles, LA
    View Details
  • For Sale
    $7,700,000

    Lake Charles Commercial Land

    25+ Acres, Prime Contraband Parkway Location

    TBD Contraband Pkwy
    Lake Charles, LA
    View Details
  • For Sale
    $525,000

    Lake Charles Outparcel: Prime Retail Land

    High-traffic retail land, excellent visibility.

    3153 Derek Dr
    Lake Charles, LA
    View Details
  • For Sale
    $430,000

    Lake Charles Office Complex

    Four-unit office/retail building, high-traffic location.

    420 Mcneese St
    Lake Charles, LA
    View Details
  • For Sale
    $585,000

    Lake Charles Commercial Building

    Mixed-use retail space, great location!

    3735 Kirkman St
    Lake Charles, LA
    View Details

FAQs

What type of property is this?
Lifestyle center - Lake Charles retail center, strong NOI.
Where is the lifestyle center located?
The property is located at 929 3Rd Ave Lake Charles, LA.
What is the asking price?
The asking price for this property is $3,135,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].

Contacts

Ethan Offenbecher
Ethan Offenbecher
Baker Baine
Baker Baine
Visit Broker Website

Learn more

Useful Information

Request information

3Rd Ave
Lake Charles, LA 70601

Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.

3Rd Ave
Lake Charles, LA 70601

Message sent successfully
Error

Email this Information

Link copied to clipboard
Message sent successfully
Error

Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

929 3Rd Ave
  • Ethan Offenbecher
    Ethan Offenbecher
  • Baker Baine
    Baker Baine
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message

Sign Up

Already
a member?
By creating an account, you agree to
the Terms of service and acknowledge Privacy policy.

Just one more step, let’s verify your email

We have sent a verification link to

Please check your inbox to complete the process. Just click on the link in that email to complete your Sign up. If you don’t see it, you may need to check your spam folder.

Email verification link expired

It seems that the verification link has expired. No worries! We can send you a new link to

Log In

Don't have
an account?
Forgot password?

Reset your password

New to
Paperhouses?

Enter the email address associated with your account and we'll send you a link to reset your password.

Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
New to Paperhouses?

Check your email

We've resent password reset instructions to if it is an email on file.

Please check again. If you still haven't received an email, try a different email.

Check your email

Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password. If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.