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Investment Highlights

  • .59 Acre - four city lots (24,840SF)
  • Excellent location - downtown Shreveport, Louisiana
  • Zone: Mixed Use.
  • 50 Cent, the popular rapper,is investing in Downtown Shreveport to make it the Entertainment Center of the ARKLATEX.

Executive Summary

Discover this prime investment property,25,840 sf, 59% acre, on the corner of Fannin and Common Streets in the growing Downtown District of Shreveport, LA, which has a multitude of retail possibilities. It is situated opposite a large , new apartment complex; one block from the highly-anticipated G-Unit Film and Television studios of famed rapper, 50 Cent, soon to be renovated; two blocks from the new Louisiana State Office Building, under construction and six blocks from the massive entertainment ampatheater, opposite Bally's Casino, being built by 50 Cent to make Downtown Shreveport the Entertainment Center of the ARKLATEX. A versatile property, in the proximity of a new and soon-to-be booming entertainment district, makes it ideal for a variety of businesses: hotel .gas station- convenience store, bed and breakfasts, restaurants, night clubs, a small apartment complex and a strip mall. This area is rapidly developing, providing excellent investment opportunities for entrepreneurs and investors to capitalize on Shreveport's growth. There is a possibility that this entire Block 2, may be purchased.

Property Facts

Price $387,600
Sale Type Investment or Owner User
Sale Condition Sale Leaseback
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Mixed Use
Total Lot Size 0.55 AC
Opportunity Zone Yes
Zoning D-1-RMU - Residential/commercial

1 Lot Available

Lot 1-4Block 2

Price $387,600
Price Per AC $704,727.27
Lot Size 0.55 AC

Corner of Common and Fannin streets, downtown Shreveport.Lots 1,2,3 = 6400 sf,Lot 4= 6840sf, total 25,840 sf. Flat grassy surface with a few trees and scrub brush small flat cement remains of former grocery store slab in corner.

Description

About the Propertyt; **NEW PHOTOS UPLOADED 10/18/2021. Photographs demonstrate proximity of the subject property to a new 1,000-unit apartment development; "50Cent's" television and recording studios, one block away; new State Office Building, 400+ workers,two blocks away; office buildings,5,000-6,000 workers, five blocks away; Berkshire Hathaway HomeServices Ally Real Estate is pleased to offer for sale, .55- acre, 4 city lots (6,400 SF each) of land zoned as mixed use. These parcels have easy access to city water, city sewer, gas, and electricity. They are located at the intersection of Common Street and Fannin Street in the Downtown area of Shreveport, Louisiana. This land is perfect for the construction of a mall to include a gas station convenience store, a full-service grocery store ;a full-service restaurant and a hotel. Situated near the growing Loft Apartment Area and only 1.5 blocks from a huge new apartment complex currently under construction.? This parcel can provide commercial resources vitally needed by this increasing population, as well as by the large Downtown Office Worker Group.? They need a full-service grocery store (the nearest one is miles away), a multi-service restaurant (eat-in, take-out, and delivery three meals a day), a retail strip center, and other possible services. Combined with additional lots for sale, the potential exists to possibly own the entirety of Block 2 (16 lots)!? Location 2-3 blocks north of the First Methodist Church situated at the head of Texas Street, the main street in Shreveport's Downtown area.? It is within walking distance of the District Court House, many skyscraper office buildings, a restaurant/arts movie theater, the Shreveport Convention Center, the Hilton Hotel, two science museums, the Strand Theater, the Shreveport Symphony, and two Las Vegas-style casinos.? It is about a mile from the Market Street entrance to I-20 and about the same distance from a proposed downtown entrance to I-49.? Utilities Water, sewer, electric, and gas available Zoning Mixed use residential

Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 181437-107-0018-00
  • 181437-107-0017-00
  • 181437-107-0022-00
  • 181437-107-0021-00
Land Assessment
$787
Improvements Assessment
$0
Total Assessment
$787
  • Listing ID: 22132083

  • Date on Market: 2/1/2021

  • Last Updated:

  • Address: 730 Fannin St, Shreveport, LA 71101

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