3030 Gerstner Memorial Drive

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3030 Gerstner Memorial Drive

Lake Charles, LA 70601
Asking Price
$990K
Asset Type
Pharmacy/Drug Retail
Class
Class B

AI Property Summary

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

  • Retail storefront spanning 10,000 square feet for sale.
  • Property is situated at 3030 Gerstner Memorial Drive.
  • Current asset classification is a pharmacy and drug store.
  • The asking price for this commercial asset is $990,000.
  • Located within the established market of Lake Charles, Louisiana.

What's Special

This 10,000 square foot retail storefront located at 3030 Gerstner Memorial Drive presents a functional space for various commercial applications. Positioned in Lake Charles, Louisiana, the property benefits from its placement within a market characterized by its industrial roots and regional significance along the Gulf Coast. The building currently serves as a pharmacy or drug store facility, though its layout provides versatility for other retail or medical office configurations seeking high-visibility space in the area. Investors and business owners operating in this region can capitalize on the consistent flow of local traffic through the Gerstner Memorial corridor. The surrounding community features established infrastructure that supports diverse commercial activity. With its specific square footage and strategic placement, this asset functions as a practical acquisition for those looking to expand their footprint or secure a long-term presence in this growing Louisiana submarket.

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NOI
$80,000
Cap Rate
8.08%
DSCR
1.36
Strong
Cash-on-Cash
7.15%
Monthly Payment
$4,897.98
Annual Cash Flow
$21,224.242

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