1650 Market St Shreveport, LA 71107
- Commercial real estate
- 2,950 SF
- 0.99 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1650 Market St
- Year built
- 2008
- Construction
- ADOBE
- Lot size
- 0.99 lot acres
- Property size
- 2,950 SF
- Property type
- Commercial real estate
- APN
- 181423-081-0001-00
- APU
- 181423081000100
Description
This exceptional sublease opportunity presents a 2,517 square foot freestanding restaurant building situated on a 0.98-acre parcel in Shreveport, Louisiana. The property, built in 2008, is ideally located on North Market Street, a major thoroughfare boasting a high daily traffic count of 31,227 vehicles. Its strategic position provides convenient access to Interstate 20 (60,380 CPD in 2023) and Interstate 220 (40,079 CPD in 2023), ensuring high visibility and accessibility for potential customers. The building's total square footage is 2,817 square feet, with the entire space currently vacant and available for immediate occupancy. The property offers significant advantages due to its proximity to Shreveport's vibrant riverfront casinos and the Red River Entertainment District, just 2.75 miles away. The existing lease agreement extends until May 31, 2037, with options available for lease extension, providing long-term stability and investment potential. This single-story building presents a rare opportunity to establish or relocate a restaurant business in a high-traffic, well-established area of Shreveport, within Caddo Parish. The property is a single-tenant building with no elevators.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shreveport
- County
- Caddo
- State
- Louisiana
- Longitude
- -93.7726
- Latitude
- 32.54
- CBSA code
- 43340
- CBSA name
- SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA
