Listed by Coldwell Banker Gosslee, Coldwell Banker Apex, Realtors
$200,000
1501 Peabody Street
Details
Property Type Hospitality
Sub Type Hotel, Hospitality
Square Footage 10,840
Year Built 1940
Hospitality
Marketing description
Back on the market due to out of town buyers inability to secure the the first tranche of required financing for their project proposal. This property offers a redevelopment opportunity in the west end of downtown--a prime location in Historic Ledbetter Heights just off the once thriving Texas Avenue, one block from the under development future Northwest Louisiana Civil Rights Museum. Existing building not considered in the property valuation--site is nearly an acre with the parking lot across the street of nearly a half acre also included in the sale. This is prime property for a visionary with a community focus who sees what could be and who is willing and able to lean in for all the right reasons. Redeveloping historic properties could be a win-win-win for a savvy, visionary developer. Be on the right side of history and be part of the solution in restoring communities decimated by the promised yet still unrealized benefits of urban renewal.
Listing Contacts
Listed by Coldwell Banker Gosslee, Coldwell Banker Apex, Realtors
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Zoning
R-3 ResidentialMulti FamilyMultifamily Residential
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