1550 CRESWELL AVENUE, SHREVEPORT, LA

Office for Sale
Catylist Listing ID: 30434640
Property Subtypes: Office Building
Building Size (RSF): 9,347 SF
Gross Land Area: 1.06 Acres
Sale Price: $775,000
Unit Price: $82.91 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: Mayer, Smith & Roberts Building
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2021

Overview / Comments

Corner of Herndon & Creswell two blocks off Line Avenue. Property Description and Current and Projected Use: Subject property is a 9,347 square foot office building of wood frame and brick veneer construction with a flat roof that is covered with a roll down product of relatively recent installation. The roof appears to be sound and in excellent condition as of this report. Interior ceiling heights are 9 ‘. The main office areas are located on the first two floors (1st Floor 4,508 square feet; 2nd Floor 4,360 square feet and small 3rd Floor consisting of 479 square feet. The interior finish is sheet rock walls that are either covered with vinyl or other wall covering. Ceilings are suspended grid ceilings with 2’ x 4’ acoustical tiles and fluorescent lighting with 2’x4’ fixtures. All offices are located on the perimeter and support staff, work rooms and conference room/library are located on the interior in a fixed, but open space style plan (except conference and library). There is ample space dedicated to file storage and a break area with sink, upper and lower cabinets and simulated wood flooring. The floor covering elsewhere is commercial grade level loop carpeting over a pad. Estimate that the improvements are approximately 35 years old. The property is located on a site containing 46,260 square feet (1.06 acres). All of the parking area is concrete paved. The zoning is governed by the Shreveport Metropolitan Planning Commission and is C-2 and within the Highland Neighborhood historic district.

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Taxing Authority: Caddo Parish/Shreveport, LA
Tax ID/APN: 171306056002400
Zoning: C-2
Property Located Between: Herndon and Creswell
Property Visibility: Excellent
Highway Access: I-20 & i-49
Site Description: Over one acre tract on corner lot with excess parking and yard
Area Description: Historic Highland Neighbor near Ochsner St. Mary
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1985
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Red brick veneer with EIFS accents. Brickwork is in excellent condition.
Parking Type: Surface
Parking Description: concrete paved surface parking. A total of 41 spaces, two of which are for handicap vehicles
Total Parking Spaces: 41
Sprinklers: None
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,927 88,792 171,154
Median Age: 33.4 33.88 34.96
Households: 4,431 36,516 68,999

Contact

Photograph of Listing Agent

Raymond S Alley

Walker-Alley & Associates Shreveport, LA 71166
LACDB Member
Photograph of Listing Agent

Chris Stokes

Walker-Alley & Associates Shreveport, LA 71166
LACDB Member
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