Historic Downtown Retail Building For Sale

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30437521
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 30,246 SF
Sale Price: $495,000
Unit Price: $16.37 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Goldrings Building
Usable Size (USF): 30,246 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2022

Overview / Comments

REDUCED -619 Milam Street in downtown Shreveport is for Sale. This former Retail building can be renovated using Historic Tax Credits and the building is in a Federal Opportunity Zone. The building has a large 11,585 sq. ft open 1st floor with a open 2nd Story 5,475 sq. ft. Mezzanine and a large 12,115 sq. ft. finished out basement with several large rooms and an overhead door.

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Tax ID/APN: 181437118002600
Zoning: D-1-CBD
Retail Clientele: General, Family, Business, Tourist, Recreation, Convention
Property Located Between: Louisiana and McNeil
Property Visibility: Excellent
Largest Nearby Street: Texas Street
Feet of Frontage: 80
Highway Access: I-20, I-220, I-49
Airports: Shreveport Regional Airport
Site Description: The buildings on either side of 619 Milam have been historically renovated.
Area Description: Downtown Shreveport remains Shreveport's Central Business District but has now become a residential and retail area. The residents find downtown very walkalbe with lots of activities at Shreveport's Festival area, several entertainment venues including casinos, theaters, restaurants, nightlife and churches.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 11,585 SF
Property Condition: Fair
Year Built: 1963
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick and Glass
Parking Description: Street parking
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,222 70,052 155,325
Median Age: 42.66 34.01 34.62
Households: 2,752 28,804 62,190


Photograph of Listing Agent

Chris Stokes

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

Ben W Walker, III

Walker-Alley & Associates Shreveport, LA 71166
LACDB Member
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