1.26 Acres Near Casinos and Cove Lane Traffic Circle

Vacant Land for Sale
Catylist Listing ID: 30822983
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 54,885 SF
Sale Price: $650,000
Unit Price: $11.84 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/14/2023

Overview / Comments

Due to the proximity to the two casinos and over one-acre and bordering on I-210 and West Prien Lake Road near the Cove Lane traffic circle, the highest and best use for this strategically located property is for a hotel or other commercial use. DOTD traffic counts indicate over 50,000VPD on I-210. Besides the proximity to the Casinos, this location is exceptionally user-friendly for customers or employees as access is easy for anyone off of I-210 as well as from South Lake Charles due to the Cove Lane traffic Circle. There is major retail nearby on Nelson Road as are parks and recreation at Prien Lake Park. The focus of the property is on the land rather than the improvements which are sold "As Is-Where Is."
A survey is provided in the attachments. The age of the home is estimated as it is unknown when it was built. While the value is in the land rather than the house, the house does have income potential.

Attachments & Media

Additional Details

Nearest MSA: Lake Charles
County: Calcasieu
Taxing Authority: Calcasieu Parish
Tax ID/APN: 141009-0923- -0003-03
Property Located Between: Nelson an Cove Lane Traffic Circle
Property Visibility: Excellent
Legal Description: That part of the West Half (W1/2) of Lot Three (3), lying South of Interstate Highway 210, in the Louisa Huntington Subdivision in the NW 1/4 NW 1/4 of Sec 14, T10S, R9W, per plat recorded in Conv Bk 16, pg 517, records of Calcasieu Parish
Largest Nearby Street: I-210
Feet of Frontage: 167
Traffic/Vehicle Count: 54,000
Highway Access: West Prien Lake Road from Nelson to the Cove Lane Traffic circle offers exceptional advantages. Need to get to all-parts North, South, East, and West? Access I-210 in approximately 1 minute via the Cove Lane Traffic Circle to head East or West on I-210. Or head South Via Prien Lake Road or Nelson. And, the casinos are approximately 3 minutes North!
Airports: Lake Charles Municipal. Chennault
Site Description: Bordering I-210, this site offers significant potential to a variety of end-users. Hotels should take special note as this site can be seen from I-210, especially to travelers driving over the I-210 bridge. This location will appeal to hotel guests with business at the LNG facilities to the South, the Casinos, or to those who want easy access on and off I-210.
Zoning Description: Mixed Use
Topography: Level
Available Utilities: Electric, Cable, Broadband, Internet Access
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,845 33,540 98,129
Median Age: 48.97 39.08 36.73
Households: 770 14,159 39,395


Photograph of Listing Agent

Mary Kay Hopkins

Mary Kay Hopkins, LLC Lake Charles, LA 70601
LACDB Member
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