Renovated Climate-Controlled Retail
For Sale
Contact for pricing
304 W 70th St, Shreveport, LA 71106
Open-span commercial interior with on-site parking and prominent building and pole signage.
Property Size12,000 SF
Price / SF$0.67
Days on Market170
Property Features for 304 W 70th St
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
35
Property subtype
Retail
Zoning
C-3
Lease Type
Net
Amenities
Power
Water
Sewer
Natural Gas
Vacant
35 Parking Spaces
Listing Agency:
Walker-Alley & Associates
Listed By:
Chris Stokes · License #BROK.995717623-ASA
(318) 222-2022
Source:
Lacdb.resimplifi
Added: May 1
Changed: Oct 2
Last Checked: Oct 16 at 5:51AM
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 Walker-Alley & Associates
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Investment Insights
Based on property information with market context.
This 12,000-square-foot retail property offers a recently renovated, climate-controlled interior with an open-span layout. A parking area is positioned along the west side of the building, and signage is available on both the structure and a pole sign. The configuration supports a range of community-oriented commercial uses, including a community center, health clinic, learning center, or thrift store.
The building occupies the corner of W 70th Street and Dowdell Street in the Historic Cedar Grove neighborhood of Shreveport. It is zoned C-3 and is situated in the I-49 area, with the corner position providing access from two streets.
The building occupies the corner of W 70th Street and Dowdell Street in the Historic Cedar Grove neighborhood of Shreveport. It is zoned C-3 and is situated in the I-49 area, with the corner position providing access from two streets.
Key Highlights
- 12,000‑square‑foot retail building
- Recently renovated climate‑controlled interior
- Open‑span layout suitable for flexible commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,558
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,711,160
$1.7M
Cap Rate 7%
$1,222,257
$1.2M
Cap Rate 9%
$950,644
$950.6K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$108.0K $9.00/SF
− Vacancy
−$7.3K −$0.61/SF
EGI
$100.7K $8.39/SF
− OpEx
−$15.1K −$1.26/SF
NOI
$85.6K $7.13/SF
Area
Shreveport, LA
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,711,160
Cap Rate 7%
$1,222,257
Cap Rate 9%
$950,644
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.98M
NOI $118,944 @ 7.0% cap · market cap 1,486.80%
Second Best
Warehouse
$1.22M
$1.07M – $1.43M
NOI $85,558 @ 7.0% cap · market cap 1,069.48%
Theoretical Best
Office A
$2.53M
$2.22M – $2.95M
NOI $177,293 @ 7.0% cap · market cap 2,216.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
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
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Retail space - Open-span commercial interior with on-site parking and prominent building and pole signage.
Where is this retail space located?
The property is located at 304 W 70th St Shreveport, LA.
What are key features of this property?
This property features: 12,000‑square‑foot retail building; Recently renovated climate‑controlled interior; Open‑span layout suitable for flexible commercial use
