2001 Enterprise BlvdLake Charles, LA 70601

Property Details for 2001 Enterprise Blvd

Lot size

0.03 AC

Property type

Retail properties

Property subtype

Retail space

APN

322032

APU

322032

Description

This exceptional 2,284-square-foot retail space is ideally situated on a high-visibility corner lot at the intersection of 12th Street and Enterprise Boulevard in Lake Charles, Louisiana's East Central area. Previously occupied by a thriving flower shop, this versatile property offers significant potential for a variety of businesses, including retail, professional services, or specialty boutiques. Its prime location provides unparalleled accessibility, boasting proximity to major thoroughfares like I-10 and I-210, as well as Memorial Hospital and Ryan Street, ensuring high traffic volume and convenient access for customers and employees. The 0.21-acre lot maximizes exposure to passing traffic, making it perfect for attracting walk-in customers. Built in 1963, the property is offered with a triple net (NNN) lease, meaning the tenant is responsible for taxes, insurance, and utilities, providing clear and predictable cost management. Minimal repairs are required, with opportunities for further negotiation to customize the space to meet specific business needs. This property presents a unique blend of visibility, accessibility, and potential, making it an exceptional investment for entrepreneurs and established businesses seeking to capitalize on Lake Charles' growth. The property's APN is 00322032. Don't miss this chance to establish your business in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $565,739

  6.5%

  $522,221

  7%

  $484,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $666,368

  Geo Method

  $1,056,248

• Alternative Use

  Use

  Valuation

  Residential

  $440,513

  Hospitality

  $403,507

  Educational

  $335,713

  Medical

  $347,259

  Retail

  $522,221

Location Insight

City

Lake Charles

County

Calcasieu

State

Louisiana

Latitude

30.213

Longitude

-93.2039

CBSA code

29340

CBSA name

LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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