5711 Broad StLake Charles, LA 70615
- Other commercial real estate
- 5.00 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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