711 Vienna StRuston, LA 71270

This exceptional 24,962 square foot mixed-use property, situated on a 1.82-acre lot in Ruston, Louisiana, presents a unique investment opportunity. Previously serving as the city's first hospital and later utilized by Louisiana Tech University, this historic building is now available for purchase with approved architectural plans for conversion into a 20-unit multi-family complex. The $820,000 purchase price includes the land and building, plus the value of completed work with the Louisiana Division of Historic Preservation (SHPO) in securing state Historic Tax Credits (HTC). The SHPO process is underway, with "Certification of Contributing Status" already approved and the "Proposed Work Description" awaiting confirmation (Project # 48051). The seller will transfer all rights and benefits of the completed SHPO work to the buyer upon a successful sale, significantly reducing the financial burden of this historic rehabilitation project. This prime location in a rapidly developing area of Ruston offers substantial potential for a strong return on investment. The property's rich history and the potential for significant tax credits make this a truly exceptional opportunity for developers seeking a high-impact project. The architectural plans are included in the sale, providing a clear path to converting this landmark building into a thriving multi-family complex.