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Mixed-Use Building with Restaurant Space
New
For Sale
$225,000

2958 Dr Martin Luther King Drive, Shreveport, LA 71107

Two commercial suites combine restaurant infrastructure with a beauty supply retail operation under one roof.

Property SizeContact for details
Days on Market2

Property Features for 2958 Dr Martin Luther King Drive

General Information

Standard status Active

Additional Details

Furnished Yes
Business Included Yes
Equipment Included Yes
Listing Agency: Century 21 Elite
Listed By: Tovorris Grissom · License #0995685801
Source: Baldwingroupdallas
Added: Sep 14 Last Checked: Sep 14 at 2:42PM

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 mixed-use commercial property at 2958 Dr Martin Luther King Drive includes two distinct operating areas. The former restaurant and occasional entertainment space has two restrooms, two newly installed HVAC units providing zoned air, booth seating, tables, chairs, and commercial equipment including a stove, refrigerators, freezers, ice makers, and a rolling steam table. Equipment in the caged-in crawfish boil area at the rear also remains.

The second area is an owner-operated beauty supply shop with a newly installed HVAC unit, two restrooms, an office, display cases, and a surveillance system. The building has a roof that is less than 1 year old, an additional parking lot behind the property, and lockable storm doors. The configuration supports continued use of the existing restaurant and retail components, subject to applicable requirements.

Key Highlights

  • Two distinct commercial areas operate under one roof
  • Former restaurant includes two restrooms and two newly installed HVAC units for zoned air
  • Restaurant equipment includes stove, refrigerators, freezers, 2 ice makers, and rolling steam table

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

99
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two commercial suites combine restaurant infrastructure with a beauty supply retail operation under one roof.
Where is this mixed-use property located?
The property is located at 2958 Dr Martin Luther King Drive Shreveport, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two distinct commercial areas operate under one roof; Former restaurant includes two restrooms and two newly installed HVAC units for zoned air; Restaurant equipment includes stove, refrigerators, freezers, 2 ice makers, and rolling steam table
More about this property
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