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409 Scott St 20,956 SF Retail Building Lake Charles, LA 70601 $1,590,000 ($75.87/SF)
INVESTMENT HIGHLIGHTS
- Large and small office spaces for lease.
- Plenty of parking in front and rear of the building.
- Warehouse space for lease with roll up doors on each side of the space.
EXECUTIVE SUMMARY
Located just a few blocks north of the I-210 corridor near the well-established CBD development, Tipitina Square includes office and warehouse space along with over 7,000 sq. ft. of parking. Updates to the building include new HVAC units, sheetrock, ceilings, painting, doors, lighting, and flooring. All measurements are more or less.
The building is located on the corner of Scott and Hodges Street; addresses include 409 Scott Street and 2116-2128 Hodges Street.
The building is located on the corner of Scott and Hodges Street; addresses include 409 Scott Street and 2116-2128 Hodges Street.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$228,300
|
$10.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$228,300
|
$10.89
|
| Taxes |
$3,880
|
$0.19
|
| Operating Expenses |
$33,498
|
$1.60
|
| Total Expenses |
$37,378
|
$1.78
|
| Net Operating Income |
$190,922
|
$9.11
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $228,300 |
| Annual Per SF | $10.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $228,300 |
| Annual Per SF | $10.89 |
| Taxes | |
|---|---|
| Annual | $3,880 |
| Annual Per SF | $0.19 |
| Operating Expenses | |
|---|---|
| Annual | $33,498 |
| Annual Per SF | $1.60 |
| Total Expenses | |
|---|---|
| Annual | $37,378 |
| Annual Per SF | $1.78 |
| Net Operating Income | |
|---|---|
| Annual | $190,922 |
| Annual Per SF | $9.11 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
20,956 SF
Building Class
C
Year Built/Renovated
1978/2021
Price
$1,590,000
Price Per SF
$75.87
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
0.95 AC
Zoning
MU - Mixed use.
Parking
52 Spaces (2.7 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00988189 | Total Assessment | $38,600 |
| Land Assessment | $12,100 | Annual Taxes | $3,880 ($0.19/SF) |
| Improvements Assessment | $26,500 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
00988189
Land Assessment
$12,100
Improvements Assessment
$26,500
Total Assessment
$38,600
Annual Taxes
$3,880 ($0.19/SF)
Tax Year
2024
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Latter & Blum / Compass - LC
409 Scott St
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