Restaurant Site with Highway
For Sale
$322,000
3146 N Market Street, Shreveport, LA 71107
For-sale restaurant property featuring measured frontage along the highway for Lots 96 and 97.
Property Size2,132 SF
Price / SF$151.03
Days on Market9
Property Features for 3146 N Market Street
General Information
Standard status
Active
Size
2,132 SF
Property subtype
Commercial
Building Details
Building Size
2,132 SF
Year Built
1965
Listing Agency:
Pelican Realty Advisors
(504) 401-2479
Listed By:
Patrick Bain · License #0995695994
(504) 401-2479
Source:
Fullhouserealtytx
Added: Jul 26
Changed: Jul 27
Last Checked: Aug 2 at 2:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pelican Realty Advisors
Investment Insights
Based on property information with market context.
This for-sale commercial restaurant site includes measured highway frontage along the property lines of Lots 96 and 97. The public remarks indicate NW’ly 6.4 feet measured on the highway of Lot 96, and SE’ly 3.6 feet measured on the highway of Lot 97, along with SE’ly 60 feet of the NW’ly 66.4 feet as measured along the highway.
The address is 3146 N Market Street, Shreveport, LA 71107. Based on the information provided, the key physical attribute of the property is its highway frontage measurement as outlined in the remarks.
Interested parties should review the full legal description and measurement language in the provided materials to confirm dimensions and lot line relationships for development or site planning.
The address is 3146 N Market Street, Shreveport, LA 71107. Based on the information provided, the key physical attribute of the property is its highway frontage measurement as outlined in the remarks.
Interested parties should review the full legal description and measurement language in the provided materials to confirm dimensions and lot line relationships for development or site planning.
Key Highlights
- Restaurant property for sale with frontage measured along the highway for Lots 96 and 97
- Lot 96 has NW’ly 6.4 ft frontage measured on the highway and SE’ly 3.6 ft frontage measured on the highway
- Lot 97 has SE’ly 60 ft frontage of the NW’ly 66.4 ft frontage measured along the highway
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.3k | $15.60 |
| − Vacancy | −$1.7k | −$0.78 |
| EGI | $31.6k | $14.82 |
| − OpEx | −$7.9k | −$3.70 |
| NOI | $23.7k | $11.11 |
2,132 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$338.5K
$296.2K – $395.0K
NOI $23,697 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.0K
$393.7K – $525.0K
NOI $31,499 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 71107, LA
31,311
Population
13,636
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
137.2 sq mi
ZIP Area
228
Density / Sq Mi
$48,114
Median Household Income
$31,075
Median Earnings
$909
Median Rent
$157,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - For-sale restaurant property featuring measured frontage along the highway for Lots 96 and 97.
Where is this conventional restaurant located?
The property is located at 3146 N Market Street Shreveport, LA.
What is the asking price?
The asking price for this property is $322,000.
What are key features of this property?
This property features: Restaurant property for sale with frontage measured along the highway for Lots 96 and 97; Lot 96 has NW’ly 6.4 ft frontage measured on the highway and SE’ly 3.6 ft frontage measured on the highway; Lot 97 has SE’ly 60 ft frontage of the NW’ly 66.4 ft frontage measured along the highway
