5711 Broad StLake Charles, LA 70615

  • Other commercial real estate
  • 5.00 AC
For Lease
$11,764/SF/YR View listing

Property Details for 5711 Broad St

Lot size
5.00 AC
Property type
Other commercial real estate
APN
97640
APU
97640

Description

This exceptional 8.5-acre industrial property presents a unique investment opportunity in the Lake Charles, Calcasieu Parish submarket. Boasting approximately 712 feet of frontage on Broad Street, this site offers significant visibility and accessibility. Existing infrastructure includes established roads and previously installed utilities, simplifying development and reducing upfront costs. The land previously served as a mobile home park with capacity for 100 spaces and additional RV spots, demonstrating its suitability for high-density use. Currently zoned for light industrial use, this parcel presents potential for a variety of applications, including a lay-down yard. The property is situated in flood zone AE. This offering is a land lease only, priced at $100,000 per year, providing a stable and predictable income stream. The existing infrastructure and strategic location make this a compelling opportunity for investors seeking a well-positioned industrial asset in a growing market. The property's history as a mobile home park provides a clear indication of its capacity for accommodating a substantial number of units or vehicles. The readily available utilities and road network further enhance the property's appeal and reduce the complexities associated with site preparation. This is an exceptional chance to acquire a prime piece of industrial land in a desirable location with significant potential for future development and return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $68,531,224
    Hospitality
    $62,774,232
    Educational
    $52,227,424
    Medical
    $54,023,604
    Retail
    $81,242,656
5711 Broad St, Lake Charles, Louisiana

Location Insight

City
Lake Charles
County
Calcasieu
State
Louisiana
Latitude
30.2306
Longitude
-93.1349
CBSA code
29340
CBSA name
LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,562
$12,080
$100
$12,180
-
$120,800
$667
$121,467

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