Brick Storefront with On-Site
246 E 70th Street, Shreveport, LA 71106
For Sale
$350,000
CommercialSale, Shreveport, LA
Property Size2,000 SF
Lot Size0.16 Acres
Price / SF$175
Days on Market108
Property Features for 246 E 70th Street
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Century 21 Elite · Century 21 Real Estate
Listed By:
Michael Salter
(318) 868-3600
Added: Jul 28
Changed: Nov 11
Last Checked: Nov 12 at 8:06AM
MLS# 21343585
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,000-square-foot brick storefront was built in 1988 and occupies a 0.164-acre parcel. Interior finishes include laminate and concrete flooring, with central heating and central air. The building has a parking lot, and public water and sewer service are available.
The property is at 246 E 70th Street in Shreveport, next to the I-49 and E 70th intersection and across from Race Way Gas Station. The roof was replaced in 2019. The owner may complete repairs in connection with an offer.
The property is at 246 E 70th Street in Shreveport, next to the I-49 and E 70th intersection and across from Race Way Gas Station. The roof was replaced in 2019. The owner may complete repairs in connection with an offer.
Key Highlights
- 2,000‑square‑foot storefront on a 0.164‑acre parcel
- Brick construction; built in 1988
- Roof replaced in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,824
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,480
$396.5K
Cap Rate 7%
$283,200
$283.2K
Cap Rate 9%
$220,267
$220.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$30.0K $15.00/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$28.3K $14.16/SF
− OpEx
−$8.5K −$4.25/SF
NOI
$19.8K $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%
$396,480
Cap Rate 7%
$283,200
Cap Rate 9%
$220,267
Alternative Uses
Best Use
Retail
$283.2K
$247.8K – $330.4K
NOI $19,824 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
478
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Storefront properties in Shreveport
Vacancy Rate% for Retail in South region
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 - The 2,000-square-foot building sits on a 0.164-acre parcel with public water and sewer service.
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‑square‑foot storefront on a 0.164‑acre parcel; Brick construction; built in 1988; Roof replaced in 2019
