1717 E Prien Lake Road $1,345,000


    1717 E Prien Lake Road Lake Charles, LA 70601

    SOLD 5/26/2023


    • 12,400 sq. ft.
    • 1.12 Acres
    • Commercial
    • MLS# SWL23000868
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    Property Details

    Investors - Here's Your Golden Egg! 'The Wise Building' is currently 100% occupied, offering excellent stability of secured multi-year leases and is presented at a Cap Rate of 10.72%. With just under an acre of land and two accessways to Prien Lake Road, the property is conveniently perched just off of a major U.S. Interstate that sees around 14,883 cars per day. A total of 5 suites include a nice mix of nationally recognized tenants, an engineering firm, and property management services. No expense was spared with the complete remodel of this property. The 12,400 square foot building is furnished with a new fiberglass cooling tower, mechanical building, and equipment. Outlets and switches are new with the recent transfer to LED lighting throughout. There is a 20 year warranty on roof, replaced in 2022 with open cell foam insulation below and foam above the roof decking, as an added bonus. The building boasts approximately 8,900 NRA. Two concrete lots service the property with a total of 50 parking spaces and covered parking for four. Within the 5 suites lie a total of 15 offices with the potential for more, 4 oversized reception areas, 3 restrooms, full kitchen & kitchenette, large and small conference areas/boardrooms, ample storage space, and huge, open work spaces throughout. Property is zoned for Commercial use. Floorplan and financials available upon request. Do not disturb tenants. Contact Listing Agent for inquiries and scheduling of tours. $10,000.00 Bonus to Selling Broker with an accepted offer before May 31, 2023.


    70601 (Lake Charles) Demographics

    36 Median Age
    1,692 Population Density (per sq. mile)
    29% College Educated
    $37,006 Estimated Median Income
    7,462 Estimated Total Home Owners
    6,355 Estimated Total Renters
    54% / 46% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    31,831 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $127,750 Median Sales Price
    26 Homes Sold
    34 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        5/26/2023 2:00:00 AM Sold Source: Multiple Listing Service New Value: $1,345,000
        3/31/2023 6:38:52 PM Status Changed Source: Multiple Listing Service New Value: Pending
        Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2023 All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.