2968 Texas St Bossier City, LA 71111-3202
Property profile & analytics
2968 Texas St Bossier City, LA 71111-3202
- Retail space
- 8,296 SF
- 1.99 lot acres
Property ID
US36-1298046
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 2968 Texas St
- Year built
- 1993
- Lot size
- 1.99 lot acres
- Property size
- 8,296 SF
- Property type
- Retail space
- APN
- 128504
- APU
- 128504
Description
This exceptional 8,500-square-foot restaurant building, situated on a 1.977-acre lot, presents a remarkable investment opportunity in Bossier City, Louisiana. Formerly a Red Lobster, this single-story, 1993-built structure is zoned B-3, offering versatility for various uses. The property boasts a prime location on Pierre Bossier Mall, a high-traffic outparcel near the intersection of Airline Drive and East Texas Street, experiencing over 31,000 daily vehicle counts. Its strategic placement benefits from proximity to major retailers and restaurants including Dillard's, JCPenney's, Chili's, Starbucks, IHOP, Burger King, and more. Significant traffic generators such as Barksdale Air Force Base (over 11,000 employees), Bossier Parish Community College, and the Bossier City Civic Center/Police Department further enhance its appeal. The asking price is $2,200,000, translating to $258.82 per square foot. The property is available for lease under a NNN (Triple Net) lease agreement. The lot size is 86,131 square feet, and the property will be vacant on May 13, 2024, with an available date of June 25, 2024. This is a rare chance to acquire a well-positioned, substantial commercial property in a thriving Louisiana market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $895,000
- 6.5%
- $825,000
- 7%
- $765,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $696,000
Market price range: $217k - $771k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,025,000 Current use
- MEDICAL BUILDING
- $1,270,000 Change: +24% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bossier City
- County
- Bossier
- State
- Louisiana
- Longitude
- -93.7031
- Latitude
- 32.5282
- CBSA code
- 43340
- CBSA name
- SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,067
$63,300
$59,979
$123,279
-
$633,000
$399,857
$1,032,857
