Storefront with
New
For Sale
$175,000
1750 Dr Martin Luther King Drive, Shreveport, LA 71107
The drive-through faces Dr. Martin Luther King Drive in Shreveport.
Property Size1,096 SF
Lot Size1.00 Acre
Price / SF$159.67
Days on Market3
Property Features for 1750 Dr Martin Luther King Drive
General Information
Standard status
Active
Size
1,096 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
B-3
Site & Location
Neighborhood
Martin Luther King
Drive-Thru
Yes
Building Details
Building Size
1,096 SF
Year Built
1960
Stories
1
Units
1
Listing Agency:
Freedom Realty
(318) 549-2999
Listed By:
Donna Tidwell · License #0099564546
(318) 272-0361
Source:
Cogburnrealestate
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 6:07PM
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 Freedom Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,096-square-foot storefront sits on 1 acre and includes a drive-through oriented toward Dr. Martin Luther King Drive. The building dates to 1960 and requires substantial work following vandalism.
The property is at 1750 Dr. Martin Luther King Drive in Shreveport and is zoned B-3.
The property is at 1750 Dr. Martin Luther King Drive in Shreveport and is zoned B-3.
Key Highlights
- 1,096‑square‑foot storefront on 1 acre
- Existing drive‑through faces Dr. Martin Luther King Drive
- B‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,864
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,280
$217.3K
Cap Rate 7%
$155,200
$155.2K
Cap Rate 9%
$120,711
$120.7K
Market Conditions
NOI Build-Up for 1,096 SF
Gross rent
$16.4K $15.00/SF
− Vacancy
−$921 −$0.84/SF
EGI
$15.5K $14.16/SF
− OpEx
−$4.7K −$4.25/SF
NOI
$10.9K $9.91/SF
Area
Shreveport, LA
Vacancy
5.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,280
Cap Rate 7%
$155,200
Cap Rate 9%
$120,711
Alternative Uses
Best Use
Retail
$155.2K
$135.8K – $181.1K
NOI $10,864 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.3K
$202.4K – $269.9K
NOI $16,193 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
69
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - The drive-through faces Dr. Martin Luther King Drive in Shreveport.
Where is this storefront property located?
The property is located at 1750 Dr Martin Luther King Drive Shreveport, LA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,096‑square‑foot storefront on 1 acre; Existing drive‑through faces Dr. Martin Luther King Drive; B‑3 zoning
