W. Prien Lake Road now includes out-parcel

Vacant Land for Sale
Catylist Listing ID: 30138781
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 548,127 SF
Sale Price: $5,427,900
Unit Price: $9.90 PSF
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/31/2020

Overview / Comments

Jan 10, 2020 Update: This parcel has been enhanced as follows:
• the 1.4 acre out parcel on West Prien Lake Road has been added, increasing the acreage to 12.6 acres as indicated on the drawing in the attachment section
• a price per square foot reduction as outlined at https://www.barbeproperty.com/block-18/parcel-listings-within-contraband-pointe/retail-mixed-use/71-area-3a
• a $1,000,800 allowance for the entrance and North-South Road off of W. Prien Lake Road.
• complete wetland mitigation.
• partial clearing.

A drone aerial 360 tour and drone video are available within the LACD links section and also at ContrabandPointe.com. While the link is queued to the retail section, there are 5 other vantage points provided.

This offering is for Area 3A, approx 12.6 acres per the attached engineering drawing. Additional property is available to the East and North.

The price quote is if closed within 120 days after the Purchase Agreement is signed. If closed between 121-210 days, the price increases to $9.06/SqFt.

17 hotels, including the luxurious L’Auberge and Golden Nugget casino resorts, with over 3400 hotel rooms are within 1.5 miles of the proposed entrance to this magnificent retail opportunity on W. Prien Lake Road next to Prien Plaza (Target). Of these, approximately 950 rooms are located within 1800 feet of the entrance.

Easy access to I-210, Lake Street, and the proposed Nelson Road Extension Bridge are all positives as is Contraband Parkway, the recently completed 4-lane road connecting the Contraband Parkway traffic circle at Prien Lake Road to Nelson Road at L'Auberge Avenue.

One link here on LACDB leads to a full description of the property as found on ContrabandPointe.com, another to a Google map indicating the 17 hotels.

Additional Details

Nearest MSA: Lake Charles
County: Calcasieu
Taxing Authority: Calcasieu Parish
Tax ID/APN: 00087556
Zoning: BUSINESS
Property Located Between: Nelson Road and Lake Street
Property Visibility: Excellent
Legal Description: A portion of 381009. Call office or email mkh@mkh.com for full legal. Note that the formal resub for each parcel will be filed at closing.
Largest Nearby Street: Nelson Road
Traffic/Vehicle Count: 13,808
Highway Access: The property is visible and accessible to I-210 from Lake Street or Nelson Road.
Airports: Lake Charles Regional Airport, Million Air at Chennault
Site Description: This prime commercial, business location is near L’Auberge and the Golden Nugget Casino Resort and is contiguous to the highly successful Prien Lake Plaza and near numerous other significant retail and business firms, restaurants and hotels. Phase 1, as indicated in the portion shaded red in the photo is part of the approximate 121 acres remaining. Note that the renderings provided in the images and attachment section are conceptual in nature and do not reflect the final alignment of Contraband Parkway. City Planning will require a new submission based on updated plans. The waterfront and interior of the northern portion of the property offers a blank palette for development.
Area Description: This area is considered a prime location for restaurants, retail, and more! The property can be seen from I-210 which touted 53,000 cars per day in 2016. This property is within 2000 feet of Nelson Road and I-210. As indicated on the Chamber Southwest website, "Southwest Louisiana is home to a robust and diversified economy anchored by the petrochemical, education, manufacturing, healthcare and hospitality industries. The region’s strategic location along the Gulf of Mexico contributes greatly to its strong petrochemical industry, which is led by such companies as Axiall, CITGO Petroleum, PPG Industries, and Phillips 66. This position affords businesses access to three developing liquefied natural gas pipelines and several active ports, including the Port of Lake Charles (one of the largest deep-water port in the U.S.), West Calcasieu Port, the East and West Cameron Ports, Mermentau River Port, and Vinton Port. Calcasieu Parish’s rich history combined with a modern, diversified economy and numerous recreational opportunities make this area a wonderful place to live and visit. The petrochemical industry is the mainstay economically for the parish, and the past decade has seen the aerospace and gaming industries broaden that base. The Port of Lake Charles is accessible to ocean-going vessels and is only 34 miles from the Gulf of Mexico, the closest of any deep-water port in Louisiana. Chennault International Airpark is a major feature for the area with more than 10,000 feet of runway, capable of handling most commercial aircraft. Lake Charles is the home of McNeese State University, a four-year, fully accredited university, as well as Sowela Technical Community College, one of Louisiana's largest vocational schools. An abundance of streams, rivers and lakes along with museums, art galleries and festivals make the parish a true paradise."
Lot Depth: Varies
Zoning Description: Business
Development Name: Contraband Pointe
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,310 47,310 97,182
Median Age: 47.09 37.1 36.75
Households: 2,223 20,125 39,029

Contact

Photograph of Listing Agent

Mary Kay Hopkins

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