Remodeled Nightclub Event
For Sale
$799,900
1605 Marshall St, Shreveport, LA 71101
Operating entertainment property includes indoor space, an outdoor stage and bar area, plus a separately accessed storage section.
Property Size5,280 SF
Price / SF$151.50
Days on Market73
Property Features for 1605 Marshall St
General Information
Standard status
Active
Size
5,280 SF
Building Details
Year Built
1920
Listing Agency:
Pinnacle Realty Advisors
Listed By:
Christopher Holloway · License #0912122915
(318) 233-1045
Source:
Minteerteam
Added: Aug 3
Changed: Oct 12
Last Checked: Oct 7 at 1:47PM
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 Pinnacle Realty Advisors
Investment Insights
Based on property information with market context.
This 5,280-square-foot brick commercial building, constructed in 1920 and subsequently remodeled, includes an operating nightclub and event venue business. The interior entertainment area is complemented by an outdoor space with a stage and bar, supporting live performances and private events as described in the property information.
A separate portion of the building has its own entrance and is currently used for storage. The property is located at 1605 Marshall St in downtown Shreveport, Louisiana, and the sale includes both the real estate and the operating entertainment business. The combination provides an established venue format with additional enclosed space within the building.
A separate portion of the building has its own entrance and is currently used for storage. The property is located at 1605 Marshall St in downtown Shreveport, Louisiana, and the sale includes both the real estate and the operating entertainment business. The combination provides an established venue format with additional enclosed space within the building.
Key Highlights
- 5,280‑square‑foot brick commercial building
- Operating nightclub and event venue business included with the real estate
- Outdoor entertainment area with stage and bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,687
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,740
$1.2M
Cap Rate 7%
$838,386
$838.4K
Cap Rate 9%
$652,078
$652.1K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$82.4K $15.60/SF
− Vacancy
−$4.1K −$0.78/SF
EGI
$78.2K $14.82/SF
− OpEx
−$19.6K −$3.70/SF
NOI
$58.7K $11.11/SF
Area
Shreveport, LA
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,740
Cap Rate 7%
$838,386
Cap Rate 9%
$652,078
Alternative Uses
Best Use
Specialty Retail
$838.4K
$733.6K – $978.1K
NOI $58,687 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$975.1K – $1.30M
NOI $78,009 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,420
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71101, LA
6,560
Population
4,548
Households
1.4
Avg Household Size
41
Median Age
13%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
1,562
Density / Sq Mi
$17,924
Median Household Income
$32,135
Median Earnings
$714
Median Rent
$86,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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- Bear's — 1401 Fairfield Ave, Shreveport, LA 71101
- Bayou Thunder Saloon — 1910 Market St, Shreveport, LA 71101
- The Dove Tavern — 1920 market st, shreveport, la 71101
Frequently Asked Questions
What type of property is this?
Night club - Operating entertainment property includes indoor space, an outdoor stage and bar area, plus a separately accessed storage section.
Where is this night club located?
The property is located at 1605 Marshall St Shreveport, LA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 5,280‑square‑foot brick commercial building; Operating nightclub and event venue business included with the real estate; Outdoor entertainment area with stage and bar
