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    3920 Greenwood Rd Shreveport, LA 71109

    Sponsored
    For Sale
    $95,000

    Prime Greenwood Rd Restaurant/Retail Space

    Property size:
    1,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,100 square foot retail property, located at 3920 Greenwood Road in Shreveport, Louisiana (Caddo Parish, zip code 71109), is offered for sale at $95,000. Previously a Sonic Drive-In, this single-tenant building sits on a 0.6-acre lot (APN 171409000006300) and is ideally suited for a quick-service restaurant or retail autosales office. The property offers significant flexibility for various retail uses or redevelopment. Recent substantial upgrades include a new roof, new HVAC system, and a relatively new vent hood (though currently covered, the fire suppression system is intact and "green tagged" by Fire Tech). The interior has been completely gutted, providing a blank canvas for a new owner to create a small dining area or open retail showroom. Restrooms have been updated with new fixtures, and portions of the parking area feature a new asphalt overlay. This presents a unique opportunity to acquire a well-located property with significant recent capital improvements at a price of $86.36 per square foot.

    Property Features for 3920 Greenwood Rd

    General Information

    Property type
    Restaurants
    Square Feet
    1,100 SF
    Lot Size
    26,136 SF

    HighLights

    • Asking Price: $95,000
    • Retail property totaling 1,100 square feet on a 0.6‑acre lot in Shreveport, LA.
    • Located at 3920 Greenwood Rd, Shreveport, LA 71109.
    • Previously a Sonic Drive‑In, suitable for quick‑service restaurants, retail autosales, or other retail uses; adaptable for redevelopment.
    • Features a new roof, HVAC system, and recently updated restrooms. The property also includes a vent hood (currently covered) with a functioning fire suppression system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spudzz Wangzz N ... Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.807399
    Latitude
    32.471651

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    FAQs

    What type of property is this?
    Restaurant - Prime Greenwood Rd Restaurant/Retail Space
    Where is this restaurant located?
    The property is located at 3920 Greenwood Rd Shreveport, LA.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Asking Price: $95,000; Retail property totaling 1,100 square feet on a 0.6-acre lot in Shreveport, LA.; Located at 3920 Greenwood Rd, Shreveport, LA 71109.
    Request Owner's contact information
    3920 Greenwood Rd Shreveport, LA 71109
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    Shreveport, LA 71109
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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
    3920 Greenwood Rd Shreveport, LA 71109
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