Property profile

2800 Hearne Ave Shreveport, LA 71107

OFF-MARKET
Land
21.42 ac lot
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Property summary

AI-generated overview

This exceptional 21.42-acre property presents a unique development opportunity in Northwest Shreveport, Louisiana. Ideally situated on N. Hearne Avenue (LA 3094), this mostly cleared and level land boasts 747 feet of frontage, ensuring excellent visibility and accessibility. Its convenient location offers quick access to Downtown Shreveport's Central Business District (within 1 mile), I-220 (1.75 miles), and I-20 (2.5 miles), making it easily accessible to all areas of the city and surrounding regions. The property benefits from existing infrastructure, including a 20-inch city water main on the west side and a 42-inch sanitary sewer main on the east side of N. Hearne Avenue. Further enhancing its value, a producing oil/gas well is located on the rear half of the property. The land's elevation has been previously raised with fill dirt. Zoned R-A (Residential-Agricultural), this versatile parcel offers significant potential for various residential and agricultural developments. The asking price is $429,000, translating to $20,028 per acre. Minerals are not included in the sale. This is a rare opportunity to acquire a substantial, well-located parcel within the Shreveport city limits.

Property profile

Verified
Property type Land
Lot 21.42 ac (933,055 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • Physician Medical Clinic
  • Physician
  • Employment Agency Business Service Center

Location

2800 Hearne Ave Shreveport, LA 71107
Shreveport metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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