Property Listing No Longer Available for Sale

1229 Texas Ave., Shreveport, LA

Retail for Sale - $300,000 - 27,000 Sq. Ft. on 0.54 acres


Property Info

CIMLS#925930
Location
  1229 Texas Ave.
  Shreveport LA 71101
UpdatedSeptember 30th, 2017
TypeRetail
Price$300,000
Building27,000 Sq. Ft.
Land0.54 acres

Property Description

This redevelopment opportunity has been verified with the State of LA as potentially qualifying for Historic Tax Credits (HTCs). 1239 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.

Location Description:

1229 Texas Avenue just north of I-20 in Downtown Shreveport.

Shreveport/Bossier City is part of the area called the Ark-La-Tex, a U.S. socio-economic region where Arkansas, Louisiana, Texas, and Oklahoma intersect. The Shreveport


Financials