For Sale
$1,400,000

4700 Line AveShreveport, LA 71106

High-yield, fully leased office property.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional two-story, 16,277-square-foot office building is located in Shreveport, Louisiana's desirable South Highlands historic district. The Class B property boasts a strong 8.20% capitalization rate and a current Net Operating Income (NOI) of $114,000. Currently 100% occupied under a gross lease, this multi-tenant building features an elevator and ample parking with 66 spaces. Situated on a 41,882-square-foot lot, the building offers convenient access to I-49 and is surrounded by thriving commercial areas including Pierremont Mall, Uptown Shopping Center, Towne Oaks Square, and Pierremont Office Park, as well as numerous banking facilities. The asking price is $1,400,000, translating to a price per square foot of $86.01. This presents a compelling investment opportunity in a prime location with excellent tenant occupancy and strong financial performance. The address is 4700 Line Ave, Shreveport, LA 71106.

Highlights

  • $1,400,000 asking price for a 16,277 square foot Class B office building.
  • Located at 4700 Line Ave, Shreveport, LA 71106.
  • Gross lease, 100% occupancy, generating $114,000 NOI and an 8.20% cap rate.
  • Features 66 parking spaces and is situated in the South Highlands historic district, near major shopping centers and I-49.
  • $86.01 price per square foot.

Property Details for 4700 Line Ave

Property type
Office properties
Square Feet
16,277 SF
Class
B

Location Insight

City
Shreveport
County
Caddo Parish
State
Louisiana
Latitude
32.458505245813
Longitude
-93.746039559527
4700 Line Ave, Shreveport, Louisiana

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4700 Line Ave
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