Royal Inn
Retail-Commercial
for Sale
Also listed as Vacant Land
| Catylist Listing ID: |
30197787 |
| Property Subtypes: |
Convenience Store, Retail-Pad, Service Station/Gas Station
|
| Building Size (RSF): |
54,568 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
5.92 Acres
|
| Sale Price: |
$2,200,000 |
| Unit Price: |
$40.32 PSF |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/30/2024 |
Overview / Comments
6 acre +- re-development site strategically located across the street from the new $200 million, 3.2 million sf, Amazon Fulfillment Center currently under construction. The property sits just north of downtown Shreveport on Hwy 1, only half a mile south of I-220 and just 3 miles north of I-20. In close proximity to casinos, major hospitals and the CBD as well.
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Additional Details
| Nearest MSA: |
Shreveport-Bossier City |
| County: |
Caddo |
| Tax ID/APN: |
181423054000100 |
| Zoning: |
C-3 |
| Retail Clientele: |
Traveler, Tourist |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
North Market |
| Feet of Frontage: |
450 |
| Traffic/Vehicle Count: |
28,579 |
| Site Description: |
A tract of land in the Southwest Quarter of Section 14, Township 18 North, Range 14 West, Caddo Parish, Louisiana, comprising in part a portion of Blocks D, R, E, and G, of the North Shreveport Business Center District No. 1, as recorded in Book 900, pages 243 and 245 of the Records of Caddo Parish, Louisiana, all more fully described as follows: From the Southwest corner of said Section 14, run thence East along the Southt line of Section 14 a distance of 1,458.1 feet to a point in the centerline of North Market Street, thence run North 24°40'45" West a distance of 406.17 feet, thence run North 65°19'15" East a distance of 110.0 feet to a point on the Northeasterly right of way line of North Market Street, being the point of beginning of tract herein described. Thence run North 20°40'45" West a distance of 450.0 feet; thence run North 65°19'15" East a distance of 600.0 feet; thence run South 24°40'45" East a distance of 408.9 feet; thence run South 61°24'15" West a distance of 601.4 feet to the point of beginning; said tract containing 5.915 acres, more or less, together with all buildings and improvements thereon, having a municipal address of 1906 North Market Street, Shreveport, Louisiana. Geographical ID No. 181423-054-0001 |
| Number of Stories: |
2 |
| Property Condition: |
Good |
| Roof Type: |
Flat |
| Zoning Description: |
C-3 General Commercial |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,721 |
20,902 |
104,173 |
| Median Age: |
28.3 |
37.35 |
34.69 |
| Households: |
1,148 |
7,765 |
42,564 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Moody's assume any liability for errors or omissions.
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