523 & Ashley Riv Rd Shreveport, LA 71106
This exceptional commercial land offering presents two distinct parcels ideally situated at the intersection of Flournoy Lucas Road (LA HWY 523) and Ashley River Road in Shreveport, Louisiana, within Caddo Parish, zip code 71106. The western lot encompasses 22,754 square feet, boasting approximately 140 feet of frontage along Flournoy Lucas Road, and is listed at $300,000. The eastern lot, slightly larger at 30,176 square feet, offers approximately 115 feet of frontage on Flournoy Lucas Road and is priced at $400,000. Both lots are strategically positioned for businesses requiring high visibility and accessibility. The property's location is particularly advantageous, situated east of the Sauvage Restaurant and benefiting from a dedicated servitude. This area is part of the Twelve Oaks subdivision, a 400-acre community comprising approximately 589 households with an average household income of $117,473, indicating a strong potential customer base. The property's ideal configuration makes it particularly suitable for a drive-in quick-service restaurant (QSR) or similar commercial venture. This presents a rare opportunity to acquire prime commercial land in a thriving Shreveport neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.