CBD Mixed-Use Retail / Office / Warehouse

Retail-Commercial for Sale
Also listed as Industrial
Catylist Listing ID: 30816215
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 14,900 SF
Gross Building Area: See Agent
Gross Land Area: 1.66 Acres
Sale Price: $734,000
Unit Price: $49.26 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: 315B, 403 & 407 Lake Street
Sale Terms: Cash to Seller
Average Occupancy Rate: 45
Last Updated: 1/17/2023

Overview / Comments

KW Commercial is pleased to offer for sale 315B & 403 Lake Street, a mixed-use opportunity located in Downtown Shreveport.

Comprised of 8,200 SF and two municipal addresses, 403 Lake Street is an owner occupied, mixed-use retail/office building. With a 4,200 SF footprint, 403 Lake Street is currently operating as an internationally known tattoo artist school and training facility. 407 Lake Street, the remaining 4,000 SF of the total building square footage, was previously used as a dormitory and office for the school, which is now primarily used for storage.

315B Lake Street is a 6,700 SF warehouse containing two restrooms and mezzanine storage, which is not included the square footage calculation. The warehouse has a man door entry and an enclosed lean-to garage on the west side of the building. The rollup door access is on the east side of the building, which is accessed from an alley. The owner requires a lease-back of this building for a minimum term of two years after the sale, with an option to extend, if needed. Please inquire about other lease-back terms.

Most of the Downtown Shreveport sales over the past 24 months have primarily consisted of long-since vacant buildings that have fallen into disrepair while not in operation. Due to continuous use and operation since the school opened for business, 403-407 Lake Street provides an investor a downtown redevelopment opportunity without the additional cost and expense associated with a non-operational building.

In addition to heavy plumbing infrastructure throughout 403 & 407 Lake Street, which provides multiple redevelopment options/use-types, this investment also provides ample parking across the four parcels that comprise the sale offering, further expanding potential redevelopment options/use-types.

Please inquire for more information, or to schedule a tour. Interior pictures available upon request...

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Tax ID/APN: 181437134002300
Zoning: D-1-HC
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Located Between: Market St. & Louisiana Ave.
Property Visibility: Excellent
Largest Nearby Street: I-20
Highway Access: Direct via Market St.
Airports: SHV
Tenancy: Multiple Tenants
Total Number of Buildings: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,434 78,378 157,403
Median Age: 41.06 33.43 34.66
Households: 1,925 32,083 62,987

Contact

Photograph of Listing Agent

Trenton Siskron

KW Commercial NWLA Shreveport, LA 71105
LACDB Member
Photograph of Listing Agent

Barry F Rachal

Keller Williams Realty Northwest LA Shreveport, LA 71105
LACDB Member
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