242 West Hale Street

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242 West Hale Street

Lake Charles, LA 70601
Asking Price
$239K
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located in the regional commercial hub of Lake Charles, Louisiana.
  • Property features a total area of 1,424 square feet.
  • Versatile mixed-use building suitable for multiple business applications.
  • Offered for purchase at a price of $238,500.
  • Positioned with convenient access to the local street network.

What's Special

Lake Charles serves as a prominent industrial and economic hub in Southwest Louisiana, characterized by its deep-water port and strong ties to the petrochemical industry. Positioned within this regional center, the property at 242 West Hale Street offers a mixed-use asset totaling 1,424 square feet. This location provides accessibility to local commerce and serves as a functional site for investors or business operators looking to establish a footprint in the area. Given the flexible nature of mixed-use zoning, this space supports a variety of potential configurations, whether for office, retail, or service-oriented business activities. The property is currently available for sale at $238,500, presenting a straightforward acquisition for those looking to expand their commercial holdings in a growing coastal market. Buyers may find this asset suitable for small business operations that benefit from a central urban presence.

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NOI
$80,000
Cap Rate
33.54%
DSCR
5.65
Strong
Cash-on-Cash
92.02%
Monthly Payment
$1,179.968
Annual Cash Flow
$65,840.386

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