Catylist ID: #30844944
Auto Parker Garage in Downtown Shreveport
Special Purpose for SaleAlso 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|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment, Vacant/Owner-User|
|Sale Terms:||Cash to Seller|
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…
Attachments & Media
|Nearest MSA:||Shreveport-Bossier City|
|Property Located Between:||Travis St. & Fannin St.|
|Largest Nearby Street:||Market Street|
|Highway Access:||Direct via Market|
|Total Number of Buildings:||2|
|Number of Stories:||3|
|Parking Type:||Structure, Roof Top, Surface, Underground|
|Proximity:||1 mile||3 miles||5 miles|
Trenton SiskronKW Commercial NWLA Shreveport, LA 71105
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