Auto Parker Garage in Downtown Shreveport

Special Purpose for Sale
Also listed as Retail-Commercial, Business Opportunity
Catylist Listing ID: 30844944
Building Size (RSF): 51,800 SF
Gross Building Area: See Agent
Gross Land Area: 21,000 SF
Sale Price: $600,000
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 9/21/2023

Overview / Comments

KW Commercial is pleased to offer for sale 309 & 311 Edwards Street, a Downtown Shreveport parking garage redevelopment opportunity near the Federal Courthouse and new State Building, currently being redeveloped. The offering also includes a small office or retail component, which was previously operated as the Filibuster Bar.

309 Edwards is a split-level, single story building, which is currently being managed by Douglas Parking for the current owner. 311 Edwards, also known as the Auto Parker Garage, is a 5-level parking garage not currently in operation. Both buildings were connected in the past, providing a new owner the opportunity to re-open the connector during redevelopment of the Auto Parker Garage.

With a combined total of 51,800 SF, the current owner has redesigned plans for the properties to achieve a total capacity of +/-80 parking spaces across both buildings. A new owner has the opportunity to collect income from 309 Edwards, while finishing the redevelopment plans on the Auto Parker Garage, which contains the bulk of the future parking spaces across its 39,800 SF of parking area.

In addition to the upside from returning Auto Parker Garage to commerce, the current owner has determined the buildings would qualify for Historic Tax Credits. Between the available State and National Historic Tax Credits, a new owner has the potential to receive up to 45% in tax credits for the total redevelopment dollars spent on the project.

Please inquire further with the listing agent for details on the potential Historic Tax Credits, the current operation, or to schedule a tour of the facilities.

Note: The buildings may be sold individually…

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Tax ID/APN: 181437145003700
Property Located Between: Travis St. & Fannin St.
Largest Nearby Street: Market Street
Highway Access: Direct via Market
Airports: SHV
Total Number of Buildings: 2
Number of Stories: 3
Parking Type: Structure, Roof Top, Surface, Underground

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,932 68,743 154,661
Median Age: 42.6 34.1 34.61
Households: 1,347 28,347 62,021


Photograph of Listing Agent

Trenton Siskron

KW Commercial NWLA Shreveport, LA 71105
LACDB Member
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