700 Texas St
Shreveport, LA 71101
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corner of Texas Street/Hwy 80 and Louisiana Ave
- Premier Downtown Location next door to Rhino's Coffee in the 624Lofts.com
- Historic Tax Credits and Restoration Tax Abatement Eligible
- Positive Cash Flow from current Tenants even after Buyer includes Monthly financing charges
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
18,056 SF
Building Class
C
Year Built/Renovated
1932/1965
Percent Leased
78%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
3 Exterior
Building FAR
1.97
Lot Size
0.21 AC
Zoning
CBD - CBD
Frontage
85’ on Texas Street
AMENITIES
- Corner Lot
- Air Conditioning
ABOUT 700 TEXAS ST , SHREVEPORT, LA 71101
Historic two story Texas Street building that can be renovated using Historic Tax Credits and eligible for restoration tax abatement. The building is also in the downtown Shreveport Federal Opportunity Zone. Building built in the early 1930's. Current building configuration was completed in the early 1960's. The building is wood and concrete construction with a new roof. The is across Louisiana Ave from downtown Shreveport premier mixed use multi family development the 624Lofts.com. Currently, there are 30 month to month musician tenants renting 300 sq. ft. rehearsal studios. Many of the musicians have been in the building for more then 5 years. The building has a positive cash flow.
PROPERTY TAXES
| Parcel Number | 181437-109-0020-00 | Improvements Assessment | $44,399 |
| Land Assessment | $9,150 | Total Assessment | $53,549 |
