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Fairfield Building 1600 Fairfield Ave

42,000 SF Flex Building Shreveport, LA 71101 $480,000 ($11/SF)

Investment Highlights

  • Qualifies for federal and state historic tax credits along with other incentives for developers
  • Great Location near I-20, I-49, Downtown Shreveport and Shreveport Historic Highland Neighborhood
  • Recently featured in the film "The Modernist Architecture of Samuel G. and William B. Wiener"
  • Across the street from the Ochsner's St. Mary's Campus
  • Price includes 43,560 sq. ft. parking lot

Executive Summary

Very cool 4 story former bank building with lots of windows and wide hallways. The building is inside the Highland Historic District and qualifies for up to 40% federal and state historic tax credits, Rehabilitation Tax Abatement and Cost Segregation. Great building for a mixed use development with medical offices and up to 18 Lofts. Includes large parking lot. Nearby properties include the Ochsner St Mary's Medical Center in the former Shumpert Hospital. Recently featured in "The Modernist Architecture of Samuel G. and William B. Wiener" film

Property Facts Under Contract

Price $480,000
Price Per SF $11
Sale Type Owner User
Sale Conditions Redevelopment Project
Property Type
Flex
  • OfficeLoft Creative Space
  • Office Medical
Building Class C
Lot Size 1.00 AC
Rentable Building Area 42,000 SF
No. Stories 4
Year Built/Renovated 1950/1970
Parking Ratio 2.38/1,000 SF
Clear Ceiling Height 14 FT
No. Drive In / Grade-Level Doors 1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
171401-168-0001-00
Land Assessment
$1,162
Improvements Assessment
$2,550
Total Assessment
$3,712

zoning

Zoning Code C (Commercial)
C (Commercial)
  • Listing ID: 20651738

  • Date on Market: 8/16/2020

  • Last Updated:

  • Address: 1600 Fairfield Ave, Shreveport, LA 71101

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