Sun Furniture Buildings Texas Ave at Murphy St

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Multi-Family, Office
Catylist Listing ID: 30206568
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending/Contingent
Building Size (RSF): 43,336 SF
Gross Land Area: 1.86 SF
Sale Price: $950,000
Unit Price: $21.92 PSF
Ceiling: 14 ft.
Property Use Type: Business
Building Name: Sun Furniture
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/18/2018

Overview / Comments

These are well maintained owner occupied buildings that are move in ready. Current owner purchased the buildings in 1966 with plenty of onsite parking. Perfect location for 24 hour retail or a residential conversion because they are across from the Shreveport Police Station and within a block of the new bus station with easy access to IH 20 and I 49. Buildings qualify for Historic Tax Credits and they are in an Enterprise Zone. The buildings are also on the Shreveport Transit Downtown Circulator Route.

Three Buildings-

1245 Texas Ave originally built in 1938 -Two Story- 1st Floor Showroom-2nd Floor Warehouse-Building total 15,000 sq ft - Legal -0.32 AC. M/L-A TRACT OF LAND IN TALS 30 & 37 PER ASSRS CITY PLAT 181437-102-21

1253 Texas Ave originally built in 1900 -Two Story Showroom
Building Total of 19,000 sq.ft.-Legal-0.9528 ACS. M/L - A TRACT OF LAND BEING A PART OF TALS 30 & 37 SPORT PER ASSRS PLAT 181437-102-31

1309 Texas Ave originally built in the 1890’s - Warehouse-
Building 11,000 sg ft -Legal-0.939 ACS. M/L - A TR. OF LAND IN SEC. 1 (17-14) PER ASSRS. PLAT 171401-9-37

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Submarket/Township:
Taxing Authority: Caddo Parish
Zoning: D-1 & C-U
Retail Clientele: General, Business, Tourist, Other
Property Located Between: Texas Ave and Murphy Street
Property Visibility: Excellent
Largest Nearby Street: Texas Ave
Highway Access: IH 20, and I-49
Site Description: Sun Furniture Building and Warehouse
Area Description: Downtown Shreveport Historic
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 2
Typical SF / Floor: 1,400 SF
Year Built: 1895
Year Renovated: 1966
Roof Type: Flat
Construction/Siding: Steel Frame
Exterior Description: Brick
Total Parking Spaces: 50
Parking Type: Surface
Parking Description: All buidlings have adequate surface parking
Passenger Elevators: 1
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Interior Description: Showroom and warehouse
Zoning Description: D-1 & C-U

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,157 85,531 168,649
Median Age: 39.62 34.31 34.69
Households: 3,156 34,632 67,662

Contact

Photograph of Listing Agent

Chris Stokes

Walker-Alley & Associates Shreveport, LA 71166
Photograph of Listing Agent

Scott Creighbaum

Walker-Alley & Associates Shreveport, LA 71166
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.