Catylist ID:
#30822099
| Catylist Listing ID: | 30822099 |
| Property Subtypes: | Free-Standing Building, Restaurant |
| Building Size (RSF): | 5,140 SF |
| Gross Land Area: | 0.83 Acres |
| Sale Price: | $1,875,000 |
| Unit Price: | $364.79 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Building Name: | Line Ave. Pie & Brew Co. |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 7.7% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 4/16/2024 |
Overview / Comments
|
Modern and rustic décor with an architectural emphasis on brick, wood, and metal, this 5,140 SF building was built in 1970 and renovated in 2017 with a redesigned concept that makes it both modern and inviting. • Full-service kitchen & service counter with state-of-the-art brick ovens • An open dining area with large glass paneled windows • A 625 SF covered and enclosed wrap-around patio • Roll-up door flowing between the indoor bar and outdoor patio • Indoor brick bar featuring 25+ taps • Secluded event space for private parties or special events • Energy-efficient motion sensor lighting in restrooms • 50 parking spaces Lease terms available upon request. |
Attachments & Media
Additional Details
| Nearest MSA: | Shreveport-Bossier City |
| County: | Caddo |
| Taxing Authority: | Caddo Parish Assessor, City of Shreveport |
| Tax ID/APN: | 171330166000100, 171330040007400 |
| Zoning: | C-UC (COMMERCIAL URBAN CORRIDOR) |
| Retail Clientele: | General, Family |
| Property Located Between: | E. 70th St. and Pierremont Rd. |
| Property Visibility: | Excellent |
| Feet of Frontage: | 161 |
| Traffic/Vehicle Count: | 13,977 |
| Highway Access: | The subject property sits less than a mile from the heavily trafficked Youree Drive and Interstate 49. |
| Area Description: | There are approximately 180,000 people living within a five-mile radius. The subject property is centrally located fronting Line Avenue between Pierremont Road and E. 70th Street. It's situated on a corner lot with excellent visibility just south of the Line Avenue and Pierremont Road intersection- the heart of one of Shreveport’s most upscale residential and retail corridors. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Excellent |
| Year Built: | 1970 |
| Year Renovated: | 2017 |
| Construction/Siding: | Brick, Metal/Glass, Wood Frame |
| Total Parking Spaces: | 50 |
| Parking Type: | Surface |
| Zoning Description: | The C-UC Urban Corridor Commercial Zoning District is intended for corridor development that originally developed as mixed-use, traditional business districts. The C-UC District is intended to foster the continued development and redevelopment of these corridors in that established urban character and offer flexibility to developers and property owners in creating a mix of commercial, office, and residential spaces. |
| Lot Frontage: | 161 |
| Lot Depth: | 225 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,619 | 100,382 | 177,628 |
| Median Age: | 40.21 | 35.21 | 35.72 |
| Households: | 4,185 | 41,667 | 72,754 |
Contact
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