The Lofts at 624 Texas Street

Multi-Family for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30403014
Property Subtypes: High-Rise, Mixed Use
Number of Units: 46 Units
Building Size (RSF): 84,000 SF
Sale Price: $10,700,000
Unit Price: $232,608.70 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Lofts@624
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 5/30/2020

Overview / Comments

North Louisiana's Premier historic mixed use development is now for sale. The building includes 48 Lofts that are fully leased with office and retail.

624 Texas has 54,000 sq ft

620 Texas has 18,579 ft.

616 Texas has 11,460 sq ft.

Price includes 12,000 sq.ft. of parking


Finance Data Year 2019
Net Operating Income $669,030 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Submarket Type: Historic District
Tax ID/APN: 181437120002800
Zoning: CBD
Percent Occupied: 90%
Community Amenities: Restaurant(s), On-Site Maintenance
Property Located Between: Texas Street & Louisiana
Highway Access: I-20 I-220 I-49
Airports: Shreveport Regional Airport
Site Description: On Texas Street in the heart of downtown Shreveport
Area Description: Shreveport's Central Business District
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 7
Year Renovated: 2015
Exterior Description: Beautifully renovated historic brick exterior
Parking Type: Surface
Parking Description: The Sale Price includes a parking lot
Passenger Elevators: 2
Laundry: In Each Unit
Sprinklers: Wet
Heat Type: Electricity, Hot Water
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Engineered System
Internet Access: DSL, T1/T3, Fiber Optic
Interior Description: Beautifully decorated marble, glass, soft colors and brass hand made lighting
Zoning Description: CBD
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,059 69,050 152,879
Median Age: 43.63 34.22 34.67
Households: 1,872 28,287 61,261


Photograph of Listing Agent

Chris Stokes

Walker-Alley & Associates Shreveport, LA 71166
LACDB Member
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