9585 Big Lake RdLake Charles, LA 70605

Property Details for 9585 Big Lake Rd

Lot size

17.04 AC

Property type

Retail properties

Property subtype

Bars

APN

75221

APU

75221

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $299,947,744

  6.5%

  $276,874,848

  7%

  $257,098,064

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,299,520

  Geo Method

  $560,009,088

• Alternative Use

  Use

  Valuation

  Residential

  $233,554,288

  Hospitality

  $213,934,464

  Educational

  $177,990,960

  Medical

  $184,112,352

  Retail

  $276,874,848

Location Insight

City

Lake Charles

County

Calcasieu

State

Louisiana

Latitude

30.0584

Longitude

-93.2822

CBSA code

29340

CBSA name

LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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