Value Add Opportunity - Hollywood Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30818596
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 23,084 SF
Gross Building Area: See Agent
Sale Price: $1,250,000
Unit Price: $54.15 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/27/2022

Overview / Comments

Amazing value-add opportunity in a high traffic area positioned along three main streets.

Featuring a multi tenant plaza which is anchored by Boost Mobile and Little Caesars, this property also features a variety of tenants with long term leases. This property is unique in that it has a strip center and multiple stand alone buildings.

Hollywood Plaza also has prominent signage and frontage on three sides that allows for superior access and visibility.

Located in a high traffic area with close proximity to I-20 and I-49 and minutes from Shreveport Regional Airport, Hollywood Plaza is surrounded by neighboring strip centers, restaurants, and more.

Additionally, the area has a strong residential presence within walking distance.

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Tax ID/APN: 171422067000700
Retail Clientele: General, Family, Business, Recreation
Property Visibility: Excellent
Largest Nearby Street: Hollywood Ave and Mansfield Rd
Highway Access: Hwy 171 (Hearne Ave)
Airports: Shreveport Regional

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,050 88,314 176,929
Median Age: 30.05 34.75 35.54
Households: 4,960 34,495 73,792

Contact

Photograph of Listing Agent

Hayden Wallace

Keller Williams Realty Northwest LA Shreveport, LA 71105
LACDB Member
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