For Sale
$1,100,000

1628 Ryan StLake Charles, LA 70601

7,825 SF Office, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 7,825-square-foot single-story office building presents a compelling value-add investment opportunity in Lake Charles, Louisiana. Located at the highly visible southeast corner of Ryan Street and Dr. Michael Debakey Drive, this Class B property boasts a prime location just south of the city's downtown core. Currently, 2,000 square feet are leased to a credit-rated national tenant under a modified lease agreement, leaving 5,825 square feet available for owner-occupancy or lease. The building, constructed in 1980, features a brick exterior and ample parking with 32 spaces. The 1.346-acre lot is zoned for Business (B) and Mixed Use (MU), offering flexibility for future development. The property's strategic location provides easy access to Interstates 10 and 210, ensuring excellent connectivity. Nearby amenities include CHRISTUS Ochsner St. Patrick Hospital, Prien Lake Mall, casinos, Chennault International Airport (KCWF), and Lake Charles Regional Airport (LCH). The asking price is $1,100,000, representing a price per square foot of $140.58. The current occupancy rate is 25.56%. This property offers a unique blend of income generation and owner-occupancy potential in a thriving Louisiana market.

Highlights

  • 7,825 SF brick office building generating rental income.
  • 2,000 SF leased to a national tenant, with 5,825 SF available for owner-occupancy.
  • Excellent location at the southeast corner of Ryan Street and Dr. Michael Debakey Drive, offering easy access to I-10 and I-210.
  • Close proximity to CHRISTUS Ochsner St. Patrick Hospital, Prien Lake Mall, casinos, and both Chennault and Lake Charles Regional Airports.
  • List Price: $1,100,000

Property Details for 1628 Ryan St

Property type
Office properties
Square Feet
7,825 SF
Class
B
Year Built
1980
Buildings
1
Stories
1
Lot Size (sq. ft)
58,632 SF

Location Insight

City
Lake Charles
County
Calcasieu Parish
State
Louisiana
Latitude
30.2186825
Longitude
-93.2194622
1628 Ryan St, Lake Charles, Louisiana

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1628 Ryan St
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