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    Flournoy Lucas Rd Shreveport, LA 71106

    Sponsored
    For Sale
    $885,000

    2.54 Acres, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.54-acre parcel of land presents a unique investment opportunity in the heart of Southeast Shreveport, Louisiana. Strategically located on the north side of the five-lane, concrete-paved Flournoy Lucas Road (LA 523), this property boasts excellent visibility to high traffic volumes. It enjoys a desirable location midway between Ellerbe Road and the Inner Loop Expressway (LA 3132), and adjoins the East Ridge Country Club golf course. Cleared of all trees and brush in September 2016, the land is generally level and situated within Shreveport city limits. The property features significant road frontage, approximately 831 feet along Flournoy Lucas Road, with a depth ranging from approximately 150 to 276 feet (subject to survey). Existing city infrastructure is readily available, with 12-inch city water and sanitary sewer mains running along Flournoy Lucas Road in front of the property, according to city records. Currently zoned R-A (Residential/Agricultural), the property holds significant potential for commercial development, subject to rezoning. The asking price is $885,000, with a land value of $8 per square foot. This prime location and readily available utilities make this an attractive proposition for a variety of development projects.

    Property Features for 0 Flournoy Lucas Rd

    General Information

    Property type
    Farms
    Lot Size
    110,642 SF

    HighLights

    • Cleared and leveled 2.54‑acre parcel.
    • Located within Shreveport city limits.
    • 831± feet of frontage on Flournoy Lucas Road (LA 523).
    • 12" city water and sewer lines available.
    • Currently zoned R‑A, with potential for commercial rezoning.
    • Broker/owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.7160556
    Latitude
    32.4002179

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    FAQs

    What type of property is this?
    Farm - 2.54 Acres, Prime Location
    Where is this farm located?
    The property is located at Flournoy Lucas Rd Shreveport, LA.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: Cleared and leveled 2.54-acre parcel.; Located within Shreveport city limits.; 831± feet of frontage on Flournoy Lucas Road (LA 523).
    Request Owner's contact information
    Flournoy Lucas Rd Shreveport, LA 71106
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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
    Flournoy Lucas Rd Shreveport, LA 71106
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