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    400 Pete Harris Dr Shreveport, LA 71101

    Sponsored
    For Sale
    $899,900

    Profitable Louisiana Motel, 42 Rooms

    Property size:
    11,761 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 42-key motel in Shreveport, Louisiana presents a compelling investment opportunity. Built in 1970 and renovated in 2018, the property boasts 11,761 square feet on a 0.27-acre lot. Located at 400 Pete Harris Dr, Shreveport, LA 71101, this established motel offers 42 well-maintained rooms, providing comfortable accommodations for guests. The asking price is $899,900, translating to $76.52 per square foot. Its prime location within a thriving community ensures a strong customer base, promising significant growth potential. The motel's modern amenities and serene atmosphere contribute to a positive guest experience, making it an attractive option for travelers. This property represents a solid investment with potential for substantial returns, ideal for both experienced and aspiring hospitality investors. The property's history and established presence in the Shreveport market provide a strong foundation for future success. The combination of its location, size, and recent renovations makes this a highly desirable asset in the competitive hospitality sector. This is a chance to acquire a well-maintained, profitable motel with a proven track record in a growing market.

    Property Features for 400 Pete Harris Dr

    General Information

    Property type
    Motels
    Square Feet
    11,761 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built/Renovated
    1970/2018
    Property Profile Location Intelligence

    Current Use by Public Records

    Session Levingston Motel Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.7592219
    Latitude
    32.5076541

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    FAQs

    What type of property is this?
    Motel - Profitable Louisiana Motel, 42 Rooms
    Where is this motel located?
    The property is located at 400 Pete Harris Dr Shreveport, LA.
    What is the asking price?
    The asking price for this property is $899,900.
    Request Owner's contact information
    400 Pete Harris Dr Shreveport, LA 71101
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    Shreveport, LA 71101
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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
    400 Pete Harris Dr Shreveport, LA 71101
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