1239 Texas Avenue, Shreveport, LA 71101

Commercial property for lease

• Description
• This redevelopment opportunity has been verified with the State of LA as potentially qualifying for Historic Tax Credits (HTCs). 1229 Texas Avenue (separately listed) may also potentially qualify for HTCs, which provides upwards of +/-55,000 SF for redevelopment. In addition, both 1229 & 1239 Texas Avenue are located in a qualified census tract for New Market Tax Credits (NMTCs). Layering the potential capital stack with HTCs and NMTCs provides significant, below market capital for a redevelopment. - +/-28,000 SF Mixed-Use Redevelopment Opportunity- Subject Property is Comprised of Two, Historic Buildings- Buildings are Connected by Breezeways on Lower & Upper Levels- Attractive, $15.00/SF Price Provides Substantial Upside- Purchase 1229 Texas Ave. @ $10.67/SF for an Additional +/-27,000 SF- Reopen a Sealed Breezeway b/w 1229 & 1239 to Connect All Three Buildings- 1229 & 1239 Texas Ave. May Both Qualify for Historic Tax Credits- Open Floor Plan Provides Flexibility (Office/Multi-Family/Retail/Event Space)- Ample Surface Parking Wraps Around All Three Buildings- Rooftops Could be Converted Into Usable Terraces w/ Downtown Views- Original, Antique Elevator Cars - One is Still Operational - Freight Elevator Shaft is Rare for this Vintage (Needs New Elevator)- Potential for an even Larger Redevelopment w/ Adjacent Property Owners- Zoned D-1-CMU (Downtown Commercial Mixed-Use Sub-District)- $420,000.00 Asking Price for 1239 Texas Ave.- $288,000.00 Asking Price for 1229 Texas Ave. (Separately Listed) Building price details: $420,000.
• Exterior Features

• Parking Type:

  Surface

• Contact info
• Trent Siskron

  ReAlta Real Estate Services
• Note

• Details Info about this row that located on 1239 Texas Avenue, Shreveport, LA 71101 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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