3221 Prien Lake RdLake Charles, LA 70615

Property Details for 3221 Prien Lake Rd

Lot size

2.00 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

1354905

APU

1354905

Description

This exceptional 10,225-square-foot restaurant space is situated on a two-acre lot in Lake Charles, Louisiana. The single-story building offers excellent visibility and accessibility, boasting a prime location with high traffic counts. The property benefits from its proximity to Interstate 210 (59,405 cars per day) and is conveniently located just three miles from Interstate 10 (69,806 cars per day), ensuring significant exposure to potential customers. The surrounding area features a concentration of national retailers, restaurants, and hotels, creating a vibrant and desirable commercial environment. Ample, well-lit parking is available for patrons. The entire 10,225 square feet is currently vacant, presenting a unique opportunity for a new restaurant concept or an established business seeking relocation. This property offers a compelling combination of size, location, and visibility, making it an ideal investment for those seeking a thriving restaurant operation in a high-traffic area of Lake Charles. Due to the nature of the current business, discretion is requested.

• CAP approach

  CAP return

  Valuation

  6%

  $35,205,152

  6.5%

  $32,497,064

  7%

  $30,175,844

• Comparable approach

  Method

  Valuation

  Relative Method

  $41,467,104

  Geo Method

  $65,728,800

• Alternative Use

  Use

  Valuation

  Residential

  $27,412,490

  Hospitality

  $25,109,692

  Educational

  $20,890,970

  Medical

  $21,609,442

  Retail

  $32,497,064

Location Insight

City

Lake Charles

County

Calcasieu

State

Louisiana

Latitude

30.1987

Longitude

-93.1711

CBSA code

29340

CBSA name

LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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