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Listed by RE/MAX ONE
$ 2,700,000
Est. payment /mo
Active
3420 5th AVE Lake Charles, LA 70607
7.8 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Wilshire Place Pt 1
MLS Listing ID SWL25002946
HOA Y/N No
Lot Size 7.800 Acres
Acres 7.8
Lot Dimensions 346x45x172x155x401x133x122x124x367x723
Property Sub-Type Land
Property Description
Presenting an exceptional investment opportunity at 3420 5th Avenue, Lake Charles, LA 70607: an expansive 7.8 acre commercial tract boasting over 400 feet of frontage along Interstate 210, ensuring unparalleled visibility and accessibility for a multitude of business ventures. Formerly home to a 50,000-square-foot climate-controlled shopping center, the property retains a majority of its hard surface concrete foundation, offering a nice base for redevelopment. Strategically positioned on a prominent bus route, this location enhances connectivity for employees and customers alike, promoting increased foot traffic and broadening the potential labor pool--an invaluable asset for retail, office, or mixed-use developments. Situated within Flood Zone X, the property benefits from a minimal flood risk designation, potentially lowering insurance premiums and safeguarding investment. Lake Charles, with a 2023 population of approximately 81,679 and presents a stable and growing economic environment conducive to business success. The city's diverse economy, bolstered by sectors such as refineries, gaming, and education, coupled with its strategic location near major transportation arteries, positions this tract as a prime candidate for a variety of commercial applications. Zoned for commercial use, the site offers flexibility to accommodate a range of developments, from retail centers and office complexes to hospitality ventures. This unique combination of size, location, infrastructure, and demographic advantages makes this one an unparalleled opportunity for investors and developers seeking to capitalize on the dynamic growth of Lake Charles.
Location
State LA
County Calcasieu
Area Other
Direction I-210, South on Louisiana Ave, East on College, South on 5th Avenue
Interior
Fireplace No
Exterior
View Y/N No
Water Access Desc Public
Street Surface Maintained,Paved
Road Frontage City Street
Building
Lot Description Corner Lot, City Lot, Rectangular Lot
Water Public
New Construction No
Others
Tax ID 00476927
Special Listing Condition Standard