3420 5th Ave Lake Charles, LA 70607
Estimated payment $14,597/month
Highlights
- Corner Lot
- John F. Kennedy Elementary School Rated A-
- No HOA
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,246
Lot Details
- 7.8 Acre Lot
- Lot Dimensions are 346x45x172x155x401x133x122x124x367x723
- Corner Lot
- Rectangular Lot
Location
- City Lot
Community Details
- No Home Owners Association
- Wilshire Place Pt 1 Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,246 | $54,120 | $54,120 | $0 |
| 2023 | $5,246 | $54,120 | $54,120 | $0 |
| 2022 | $12,254 | $121,850 | $54,120 | $67,730 |
| 2021 | $10,713 | $121,850 | $54,120 | $67,730 |
| 2020 | $19,186 | $186,870 | $51,410 | $135,460 |
| 2019 | $22,901 | $218,520 | $49,200 | $169,320 |
| 2018 | $21,741 | $205,100 | $35,780 | $169,320 |
| 2017 | $21,667 | $205,100 | $35,780 | $169,320 |
| 2016 | $21,517 | $205,100 | $35,780 | $169,320 |
| 2015 | $21,517 | $205,100 | $35,780 | $169,320 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | For Sale | $2,700,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Cash Sale Deed | $765,000 | Elite Title Services Llc |
Source: Southwest Louisiana Association of REALTORS®
MLS Number: SWL25002946
APN: 00476927
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