161 Freestate Blvd Shreveport, LA 71107
- Commercial real estate
- 2,511 SF
Current Use by Public Records
- Commercial real estate
Property Details for 161 Freestate Blvd
- Year built
- 2012
- Construction
- ADOBE
- Property size
- 2,511 SF
- Property type
- Commercial real estate
- APN
- 181423-046-0012-00
- APU
- 181423046001200
Description
This vacant 2,390 square foot quick-service restaurant building presents a compelling redevelopment opportunity in Shreveport, Louisiana. Located on a 0.6-acre lot at 161 Freestate Blvd, this property boasts convenient access from North Market Street (State Highway 1), a major thoroughfare with daily traffic counts ranging from 24,000 to 33,000 vehicles. Its proximity to the approximately 3 million square foot Amazon Robotic Fulfillment Center, slated to open in August 2024, offers significant potential for increased customer traffic and revenue. Built in 2013, the building features a single drive-through window and a compact dining area, making it ideal for conversion into a streamlined drive-through or take-out concept. The existing fixtures, furniture, and equipment (FF&E) are largely intact, allowing for a relatively quick turnaround time of approximately 60 days from purchase to operation. This property offers a lower capital investment compared to larger or older QSR properties currently on the market, representing a cost-effective entry point for new operators seeking a prime location in a high-traffic area. The Caddo Parish location, with its address in the 71107 zip code, provides easy access to a growing customer base. This owner/user investment opportunity is priced at $1,250,000, translating to $523.01 per square foot.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shreveport
- County
- Caddo
- State
- Louisiana
- Longitude
- -93.7674
- Latitude
- 32.5345
- CBSA code
- 43340
- CBSA name
- SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA
