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    4005 Hearne Ave Shreveport, LA 71103

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    For Lease
    Contact for pricing

    Free-standing Restaurant, 4100 SF, High Traffic

    Lot size:
    4,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,100 square foot free-standing restaurant building is situated on a 1.19-acre parcel in Shreveport, Caddo Parish. Its prime location offers unparalleled visibility and accessibility, boasting proximity to major thoroughfares and key demographics. Specifically, the property is conveniently located just 1000 feet from the I-20 Hearne Street exit, experiencing a high daily traffic count of 19,913 vehicles. This strategic positioning ensures significant exposure to potential customers. Furthermore, the restaurant benefits from its close proximity to Willis-Knighton Hospital, a substantial 775-bed facility employing 2,700 people, creating a large pool of potential clientele. The property's location also places it within a short distance—less than 3 miles—of the vibrant riverfront casinos and the Red River Entertainment District, further enhancing its appeal and potential for success. Built in 1995, the single-story building offers a spacious 4,100 square feet of entirely vacant space, presenting a unique opportunity for a new tenant. The current lease agreement extends until May 31, 2037, with options available for lease extension. This turnkey opportunity combines a desirable location with a long-term lease, making it an attractive investment for a discerning restaurant operator.

    Property Features for 4005 Hearne Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,100 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,100 SF

    HighLights

    • 4,100 SF freestanding restaurant building on a 1.19‑acre lot.
    • Excellent location, 1,000 feet from I‑20 Hearne St exit (19,913 CPD).
    • Proximity to Willis‑Knighton Hospital (775 beds, 2,700 employees) and other medical facilities.
    • Less than 3 miles to Shreveport's riverfront casinos and entertainment district.
    • Lease expires 5/31/2037, with options available.
    • Built in 1995.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.779995259792
    Latitude
    32.474936953464

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    FAQs

    What type of property is this?
    Restaurant - Free-standing Restaurant, 4100 SF, High Traffic
    Where is this restaurant located?
    The property is located at 4005 Hearne Ave Shreveport, LA.
    What are key features of this property?
    This property features: 4,100 SF freestanding restaurant building on a 1.19-acre lot.; Excellent location, 1,000 feet from I-20 Hearne St exit (19,913 CPD).; Proximity to Willis-Knighton Hospital (775 beds, 2,700 employees) and other medical facilities.
    Request Owner's contact information
    4005 Hearne Ave Shreveport, LA 71103
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    Shreveport, LA 71103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4005 Hearne Ave Shreveport, LA 71103
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