3718 Youree DrShreveport, LA 71105

Property Details for 3718 Youree Dr

Construction

ADOBE

Property size (Sq ft)

1,770 SF

Property type

Commercial real estate

APN

171317-102-0420-00

APU

171317102042000

Description

This exceptional 1,770 square foot retail or mixed-use building is situated on a high-traffic section of Youree Drive in Shreveport, Louisiana, directly across from Broadmoor Church. The property, built in 1937, sits on a 9,818 square foot lot and features a free-standing, single-story structure with six rooms, a lobby, restroom, and kitchenette. The building boasts eight parking spaces, including paved front, side, and rear parking. The interior is in good condition and has served as a successful sign business for over two decades. This owner-user opportunity presents a unique chance to acquire a well-established property in a desirable location. The property is zoned B-1 and offers municipal water and sewer services. The lot dimensions are approximately 50 feet of frontage with depths of 191 and 201 feet. The legal description is Lot 420 & 8 Ft Strip Adj Rear, Broodmoor Subn, Unit 2 171317-102-420. The asking price is $256,900, with a price per square foot of $145.14. Cash or purchase money mortgage financing is available. Additionally, the building is available for lease at $1,950 per month.

• CAP approach

  CAP return

  Valuation

  6%

  $551,445

  6.5%

  $509,026

  7%

  $472,667

• Comparable approach

  Method

  Valuation

  Relative Method

  $334,317

  Geo Method

  $126,608

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,030,750

  Retail / Commercial

  $522,967

  Mixed-Use / Specialty

  $516,691

  Hospitality / Lodging

  $373,336

  Office

  $509,026

  Institutional / Educational

  $535,573

  Residential Income

  $626,621

  Multifamily

  $775,993

  Automotive / Energy

  $459,063

  Parking / Income-Based Land

  $162,776

  Restaurant / Food Service

  $259,319

  Healthcare / Senior Housing

  $534,381

Location Insight

City

Shreveport

County

Caddo

State

Louisiana

Latitude

32.4715

Longitude

-93.7226

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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