Royal Inn

Retail-Commercial for Sale
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: 1/3/2022

Overview / Comments

6 acre +- re-development site strategically located less than a 1/4 mile from the new $200 million 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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Jamie Moreland

Lea Hall Properties Shreveport, LA 71101
LACDB Member
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