2331 Broad StLake Charles, LA 70601

Property Details for 2331 Broad St

Lot size

0.57 AC

Property type

Retail properties

Property subtype

Retail space

APN

274623

APU

274623

Description

This exceptional investment opportunity in Lake Charles, LA, presents a 1.2-acre corner lot featuring two buildings totaling 7,500 square feet. The property includes a 6,400 square foot warehouse and a 1,077 square foot building, currently 50% occupied by a local retail tenant under a NNN lease, providing a steady income stream. Built in 1960 and renovated in 1980, this Class C industrial property offers ample parking and significant potential for future expansion. The asking price is $315,000, translating to $42 per square foot. The property consists of two single-story buildings on a 1.2-acre lot, with a total net rentable area of 7,500 square feet. This is a single-tenancy property with 100% ownership available. The address is 2331 Broad St, Lake Charles, LA 70601, located in Calcasieu Parish. This property is an ideal investment for those seeking a stable income with growth potential in a prime location. The expansive lot provides ample space for future development or expansion of the existing structures. The current tenant provides a reliable income stream, mitigating risk and offering immediate return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $10,033,388

  6.5%

  $9,261,589

  7%

  $8,600,047

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,818,029

  Geo Method

  $18,732,556

• Alternative Use

  Use

  Valuation

  Residential

  $7,812,496

  Hospitality

  $7,156,205

  Educational

  $5,953,878

  Medical

  $6,158,642

  Retail

  $9,261,589

Location Insight

City

Lake Charles

County

Calcasieu

State

Louisiana

Latitude

30.228

Longitude

-93.1853

CBSA code

29340

CBSA name

LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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