Corner Lot on Kings Hwy for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30523879
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Retail-Pad, Service Station/Gas Station, Tavern/Bar/Nightclub, Other
Building Size (RSF): 1,223 SF
Gross Land Area: 0.25 Acres
Sale Price: $175,000
Unit Price: $143.09 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Chevron
Usable Size (USF): 1,223 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/16/2021

Overview / Comments

3103 Highland Avenue is a redevelopment opportunity consisting of a 0.25-acre lot. It is a former gas station with four fuel pumps and is situated on a highly desirable corner lot- the southeast corner of Kings Highway and Highland Avenue. The building has expansive counter-top space, a small kitchen area, and restrooms accessible on the exterior of the building. Ideally located, the property is 0.4 miles east of the Kings Hwy/Line Avenue intersection, 0.9 miles east of I-49, and less than one mile west of Youree Drive. The property is south of downtown in the historic Highland Subdivision. The area features a variety of entertainment, restaurants, and national retailers including Brookshire's, Family Dollar, and Wendy's. Subject property is in close proximity to multiple educational institutions. To the east is Louisiana’s only Tier One National Liberal Arts College – Centenary College. To the west, there is C.E. Byrd High School (2,000+ students) as well as St. Mark’s Cathedral School. LSU Health Shreveport School of Medicine is less than 1.5 miles to the west.

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Taxing Authority: Caddo Parish, City of Shreveport
Tax ID/APN: 171307027010000
Zoning: C-2
Retail Clientele: General, Family
Property Located Between: Line Ave. & Youree Dr.
Property Visibility: Excellent
Largest Nearby Street: Kings Hwy, Line Ave, Youree Drive
Feet of Frontage: 120
Traffic/Vehicle Count: 21,566
Highway Access: I-20; I-220; I-49
Airports: Shreveport Regional Airport - 7.5 Miles
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,223 SF
Property Condition: Good
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Zoning Description: Corridor Commercial Zoning District
Lot Frontage: 120
Lot Depth: 80
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,952 90,577 183,975
Median Age: 32.59 34.82 34.92
Households: 6,578 38,065 74,521


Photograph of Listing Agent

JoAnn Wheless

Sealy Real Estate Services LLC Shreveport, LA 71101
LACDB Member
Photograph of Listing Agent

Jackson Wheless

Sealy Real Estate Services LLC Shreveport, LA 71101
LACDB Member
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