The Pines Apartments
REDEVELOPMENT & REPOSITIONING OPPORTUNITY
Marketing description
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Property tours are available by appointment only. Please contact the listing broker to schedule a tour.
The Pines Apartments is a 128-unit, garden-style multifamily community situated on approximately 5.0 acres along Line Avenue, a primary north-south corridor in Shreveport. The property consists of eight two-story residential buildings arranged in a centralized, campus-style layout with surface parking and internal drives.
Originally constructed in 1972, the asset presents a significant repositioning or redevelopment opportunity. Based on available data and third-party sources, the property appears to be operating at substantially reduced occupancy, with CoStar reporting approximately 82.8% vacancy. While historical imagery indicates a previously stabilized and fully intact asset, more recent observations suggest portions of the property may be in varying states of condition, including deferred maintenance and potential structural loss.
The site benefits from its location within an established residential neighborhood, with direct access to Line Avenue and proximity to neighborhood retail, services, and community infrastructure. The overall layout, density, and site scale provide flexibility for a range of execution strategies, including site reconfiguration, partial redevelopment, or full-scale redevelopment.
Given the limited availability of verified property-level information, The Pines Apartments represents a high-upside opportunity for investors seeking to capitalize on a distressed site with scale, visibility, and multiple paths to redevelopment.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
8040 Line Ave, Shreveport, LA 71106
Investment highlights
LA Auctioneer: Stephen Dawson, LA-2249 Crexi, LA AB-565.
- SIGNIFICANT BASIS DISCOUNT: Offered at a price well below replacement cost, presenting a compelling entry point for investors seeking long-term value creation
- REDEVELOPMENT & REPOSITIONING OPPORTUNITY: Opportunity to reimagine the property through renovation, redevelopment, or alternative use strategies based on investor vision and market alignment
- VACANT ASSET WITH FULL EXECUTION CONTROL: Vacant status allows for immediate implementation of a business plan without tenant disruption, enabling flexibility in design, scope, and timing
- ESTABLISHED LOCATION WITH EXISTING INFRASTRUCTURE: Located within an established residential corridor with access to roadways, utilities, and surrounding neighborhood amenities, supporting future redevelopment
- AS-IS OFFERING WITH DUE DILIGENCE UPSIDE: Offered on an as-is, where-is basis with limited available information, providing investors the opportunity to underwrite and execute based on their own assumptions and strategy
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