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2129 Mill St

3,780 SF Flex Building Lake Charles, LA 70601 $220,000 ($58/SF) 18% Cap Rate

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Investment Highlights

Day Care, apx 21 parking spaces , 6 big class rooms, a storage room, and office space, kitchen with gas stove, double sink and lots of cabinets. Util

Executive Summary

Day Care, apx 21 parking spaces , 6 big class rooms, a storage room, and office space, kitchen with gas stove, double sink and lots of cabinets. Utility room has washer/dryer connections. There are 2 bathrooms each with 2 lavatories and 1 sink. Floors are vinyl and some carpet. Central air and gas heat. There are 2 water fountains in the hallway. All shelves and equipment remains at no additional cost. Their is a House on property, separated by a privacy fence that is included with the sale but is given no value

Mill PDF

Tax Bill

Miscellaneous

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Taxes	$3,798	$1.00
Operating Expenses	-	-
Total Expenses	$3,798	$1.00

Financial Summary (Actual - 2023)

Taxes
Annual	$3,798
Annual Per SF	$1.00

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$3,798
Annual Per SF	$1.00

Property Facts

Price	$220,000	Lot Size	0.04 AC
Price Per SF	$58	Rentable Building Area	3,780 SF
Sale Type	Investment	No. Stories	1
Cap Rate	18%	Year Built/Renovated	1980/1990
Sale Conditions	1031 Exchange	Tenancy	Single
Property Type	Flex	Parking Ratio	5.56/1,000 SF
Property Subtype	Light Distribution General Retail Daycare Center Office Office Residential Office Office Live Work Unit	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Price	$220,000
Price Per SF	$58
Sale Type	Investment
Cap Rate	18%
Sale Conditions	1031 Exchange
Property Type	Flex
Property Subtype	Light Distribution General Retail Daycare Center Office Office Residential Office Office Live Work Unit
Building Class	B
Lot Size	0.04 AC
Rentable Building Area	3,780 SF
No. Stories	1
Year Built/Renovated	1980/1990
Tenancy	Single
Parking Ratio	5.56/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.