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18819267
18819268

403 Lake St, Shreveport, LA 71101

TS
LA LA 0995687110
KW Commercial NWLA
Listed by KW Commercial NWLA
$550,000
1349 days on market
Updated 71 days ago
Opportunity zone

CBD Mixed-Use Retail / Office / Warehouse

Details
Property Type Industrial, Mixed Use (+2)
Sub Type Creative Office, Storefront (+1)
Square Footage 14,900
Units 3
Occupancy 45%
Tenancy Multi
Brand/Tenant World's Only Tattoo School
Lease Type Modified
Price per SqFt $37
Buildings 3
Acreage 1.660
Zoning D-1-HC
Investment Type Redevelopment
Dock High Doors 1

Income Producing CBD Redevelopment

Marketing description

KW Commercial is pleased to offer for sale 315B & 403 Lake Street, a mixed-use opportunity located in Downtown Shreveport.

Comprised of 8,200 SF and two municipal addresses, 403 Lake Street is an owner occupied, mixed-use retail/office building. With a 4,200 SF footprint, 403 Lake Street is currently operating as an internationally known tattoo artist school and training facility. 407 Lake Street, the remaining 4,000 SF of the total building square footage, was previously used as a dormitory and office for the school, which is now primarily used for storage.

315B Lake Street is a 6,700 SF warehouse containing two restrooms and mezzanine storage, which is not included the square footage calculation. The warehouse has a man door entry and an enclosed lean-to garage on the west side of the building. The rollup door access is on the east side of the building, which is accessed from an alley. The owner requires a lease-back of this building for a minimum term of two years after the sale, with an option to extend, if needed. Please inquire about other lease-back terms.

Most of the Downtown Shreveport sales over the past 24 months have primarily consisted of long-since vacant buildings that have fallen into disrepair while not in operation. Due to continuous use and operation since the school opened for business, 403-407 Lake Street provides an investor a downtown redevelopment opportunity without the additional cost and expense associated with a non-operational building.

In addition to heavy plumbing infrastructure throughout 403 & 407 Lake Street, which provides multiple redevelopment options/use-types, this investment also provides ample parking across the four parcels that comprise the sale offering, further expanding potential redevelopment options/use-types.

Please inquire for more information, or to schedule a tour.

Listing Contacts

TS
LA LA 0995687110
KW Commercial NWLA
Listed by KW Commercial NWLA

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Additional Information

Name
Trenton Siskron
License
LA 0995687110
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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