Storefront Property with Updated
New
For Sale
$350,000
246 E 70th Street, Shreveport, LA 71106
Existing commercial space near I-49 and E 70th includes a roof replaced in 2019.
Property Size2,000 SF
Price / SF$175
Days on Market3
Property Features for 246 E 70th Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Business
Building Details
Year Built
1988
Listing Agency:
Century 21 Elite
(318) 868-3600
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 5:47AM
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 Century 21 Elite
Investment Insights
Based on property information with market context.
This storefront property offers 2,000 of property size and was built in 1988. The roof was replaced in 2019, and the owner may make repairs with a favorable offer.
The property is next to the corner of I-49 and E 70th Street, across from the Race Way Gas Station. Bayou Daiquiri operated at this location for more than 30 years before relocating.
The property is next to the corner of I-49 and E 70th Street, across from the Race Way Gas Station. Bayou Daiquiri operated at this location for more than 30 years before relocating.
Key Highlights
- 2,000 property size
- Roof replaced in 2019
- Built in 1988
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 | $31.2k | $15.60 |
| − Vacancy | −$1.6k | −$0.78 |
| EGI | $29.6k | $14.82 |
| − OpEx | −$7.4k | −$3.70 |
| NOI | $22.2k | $11.11 |
2,000 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$317.6K
$277.9K – $370.5K
NOI $22,230 @ 7.0% cap · market cap 6.35%
Second Best
Retail
$283.2K
$247.8K – $330.4K
NOI $19,824 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$422.1K
$369.4K – $492.5K
NOI $29,549 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71106, LA
34,906
Population
15,415
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
33.2 sq mi
ZIP Area
1,051
Density / Sq Mi
$77,724
Median Household Income
$48,949
Median Earnings
$890
Median Rent
$310,300
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.
Similar Off Market Nearby
- Summerlin Florist & Gifts — 6401 Line Ave #3, Shreveport, LA 71106
Frequently Asked Questions
What type of property is this?
Storefront property - Existing commercial space near I-49 and E 70th includes a roof replaced in 2019.
Where is this storefront property located?
The property is located at 246 E 70th Street Shreveport, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,000 property size; Roof replaced in 2019; Built in 1988
