0 Wallace Lake Rd 3.77 Acres of Commercial Land Offered at $2,299,097 in Shreveport, LA 71106

This prime piece of land comprises 3.77+/- acres, featuring excellent visibility and a level topography ideal for commercial development. It is located at the corner of Southern Loop and Wallace Lake Road and offers quick access to I-49 and Norris Ferry Road. The property includes 634 feet of road frontage on the Southern Loop and is suitable for various uses such as medical facilities, retail stores, professional offices, and more. A traffic signal at the intersection now increases traffic and accessibility. The owner is open to subdividing and build-to-suite options
The South Shreveport area demonstrates significant growth. With new developments of businesses, eateries, and the recently completed Southern Loop Commons retail/office development, economic growth has more than doubled in the last five years. Most recently, a new gated subdivision located on Wallace Lake Road, The Grove at Garrett Farm, has broken ground on the first construction phase of what will be approximately 200 residences. The communal neighborhood of Provenance includes about 300 homes with room and plans for growth, as only around 1/3 of the project’s 377 acres is currently developed. Along with homes, the development hosts a shopping center, park and the project’s master plan includes additional residential development, community areas and more.