1650 Market StShreveport, LA 71107

  • Other commercial real estate
  • 2,950 SF
For Lease

Property Details for 1650 Market St

Year built
2008
Construction
ADOBE
Lot size
0.99 AC
Property size (Sq ft)
2,950 SF
Property type
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $928,224
    Hospitality
    $850,248
    Educational
    $707,396
    Medical
    $731,725
    Retail
    $1,100,394
1650 Market St, Shreveport, Louisiana

Location Insight

City
Shreveport
County
Caddo
State
Louisiana
Latitude
32.54
Longitude
-93.7726
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
$13,482
$8,732
$75,852
$84,584
-
$87,317
$505,682
$592,999

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