0 Flournoy Lucas Rd Shreveport, LA 71106
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.