Catylist ID:
#30836902
Prime Redevelopment Opportunity in Lake Charles
Office
for Sale
Sale Pending
| Catylist Listing ID: | 30836902 |
| Property Subtypes: | Office Building |
| Status: | Pending |
| Building Size (RSF): | 348,402 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 10.76 Acres |
| Sale Price: | $8,500,000 |
| Unit Price: | $24.40 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Class of Space: | Class A |
| Sale Terms: | Undisclosed, Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/25/2023 |
Overview / Comments
|
Incredible redevelopment opportunity in the heart of Lake Charles, Louisiana. The Tower is a 22-story, 348,402 gross square foot multi-tenant office building with an attached 6-level parking garage and an additional vacant 4.35-acre lot across the street. Located on Lakeshore Drive in the Central Business District, the entire 10.75-acre property is highly visible from Interstate 10. It is the only office tower of its size in the fifth largest city in Louisiana, which has an estimated population of 84,872. Built in 1983 and recognized as one of the premier office towers in Lake Charles it is located a short distance from other major office buildings in the CBD, including many government offices and courthouses. Situated near the waterfront, the Tower has unobstructed views in all directions, including the lake, convention center and the downtown area. The 4.35 +/- acre parcel situated across the street is primed for development and zoned T-5 Urban Center Transect allowing for a variety of uses with great access to I-10 and I-210. |
Attachments & Media
Additional Details
| Nearest MSA: | Lake Charles |
| County: | Calcasieu |
| Tax ID/APN: | 00574856 |
| Property Located Between: | N. Lakeshore Drive, W. Mill Street, Ann Street & W. Pine Street |
| Property Visibility: | Excellent |
| Highway Access: | Close proximity to I-10 and I-210 |
| Site Description: | The Tower: 4.80 +/- acres Parking Garage: 1.60 +/- acres Vacant Land: 4.35 +/- acres |
| Total Number of Buildings: | 2 |
| Number of Stories: | 22 |
| Typical SF / Floor: | 16,000 SF |
| Construction/Siding: | Metal/Glass |
| Parking Type: | Structure, Surface |
| Parking Description: | Surface parking and a 6-story parking garage attached to the building |
| Passenger Elevators: | 3 |
| Freight Elevators: | 1 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,401 | 49,783 | 87,557 |
| Median Age: | 41.06 | 38.32 | 36.87 |
| Households: | 2,648 | 20,379 | 35,229 |
Contact
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