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4921928
4936583

631 Milam St, Shreveport, LA 71101

CS
LA LA BROK.995717623-ASA
Walker-Alley & Associates LLC
BW
LA Louisiana 3699, TX 478017 (+1)
Walker-Alley & Associates LLC
Listed by Walker-Alley & Associates LLC
$2,350,000
1794 days on market
Updated 15 days ago
Opportunity zone

619 & 631 Milam St in Downtown Shreveport w Parking FOR SALE

Details
APN 181437177000100
Property Type Mixed Use, Office
Sub Type Creative Office
Square Footage 49,242
Cap Rate 7.00%
Occupancy 50%
Tenancy Multi
Lease Type Gross
Price per SqFt $48
Broker Co-Op Yes
Class A
Year Built 1900
Year Renovated 2021
Buildings 2
Stories 3
Lot Size (SqFt) 0.5
Zoning CBD
Investment Type Stabilized

Can Be Redeveloped as Live & Work Space

Marketing description

Both Properties qualify for Historic Tax Credits, Property Tax Abatement and Cost Segragation

631 Milam Street - 18,996 sq. ft. multi-tenant office building. 50% occupancy.

Ideal for owner occupant with investment income. Also

potential for residential conversion live/work space.

Two historic buildings built in 1900 & 1901, renovated

together in the mid 1980’s into one office building. Well

maintained with new roof, exterior brick mortar cleaned and

repointed, stucco reworked and painted in 2019. Updated

interior finishes. Multiple split system HVAC.

15 parking spaces in rear lot with additional 36 in lot across

the street corner Louisiana and Crockett.


619 Milam Historic mid century building. Goldrings Department

Store. Ideal for Federal & State Historic Tax Credit

redevelopment. Also within the Federal Opportunity

Zone. 30,246 total square feet. First floor 11,565 sq. ft.

Second floor mezzanine 6475 sq. ft. Basement 5,887

sq. ft. storage plus 6,228 sq. ft. office space. Milam

Street entrance to basement. Grade level alley entrance

with overhead door.

Investment highlights

  • Ideal for Downtown Shreveport Lofts Developer
  • Purchase Includes 51 Parking spaces
  • Located in downtown Shreveport's residential, arts and restaurant district.
  • Very walkable with very popular Rhino Coffee one block North along with several popular restaurants and theaters.
  • Both Properties quality for historic tax credits, property tax abatement and cost segregation

Listing Contacts

CS
LA LA BROK.995717623-ASA
Walker-Alley & Associates LLC
BW
LA Louisiana 3699, TX 478017 (+1)
Walker-Alley & Associates LLC
Listed by Walker-Alley & Associates LLC

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Additional Information

Name
Chris Stokes
License
LA BROK.995717623-ASA
Name
Ben Walker
License
Louisiana 3699
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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