3100 Highland Ave Shreveport, LA 71104-4440
This exceptional 1.4-acre commercial development site, located at 3100 Highland Ave in Shreveport, Louisiana (zip code 71104), presents a unique investment opportunity. The property, encompassing two lots (APN 171307052009900), boasts 60,380 square feet of paved land and is conveniently situated near LSU Medical School and Centenary College, within a densely populated residential area. The site features existing driveways accessible from both Kings Highway and Highland Avenue, and is screened from the surrounding historic neighborhood by an existing brick wall. Zoning is C-1 and C-2, allowing for a variety of commercial uses. Across Kings Highway, you'll find a Brookshires grocery store and a Wendy's, while neighboring properties include a dollar store recently approved for alcohol sales and historic homes. The asking price is $749,000 ($13.23/sq ft, $570,714/acre). Utilities include municipal water and sewer, along with electric, gas, storm drain, cable, and broadband access. This vacant property is ready for immediate development. The property's prime location and existing infrastructure make it an ideal site for a variety of commercial ventures. The combination of high visibility, convenient access, and established surrounding businesses creates a compelling opportunity for significant return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.