For Sale
$1,450,000

3003 Knight St Shreveport, LA 71105

High-yield office building, 41,392 SF

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a well-maintained, two-story creative office building situated on a 2.25-acre lot in Shreveport, Louisiana. The property, located at 3003 Knight St, boasts 41,392 square feet of total space, with 35,957 square feet of net rentable area. Currently operating at 60% occupancy, this multi-tenant building offers a strong stabilized investment profile with a 7.75% cap rate and a net operating income (NOI) of $112,425. The asking price is $1,450,000, translating to a price per square foot of $35.03. Built in 1982, the Class C building is zoned C-3 and features a large parking lot, providing ample space for tenants and visitors. Its convenient location offers easy access to Bossier City and major parkways, enhancing its appeal to a wide range of businesses. The gross lease structure simplifies management, while the substantial lot size presents potential for future expansion or redevelopment. This is a prime opportunity to acquire a well-positioned, income-producing asset in a growing market. The property features one building and is currently operating under a multi-tenant lease structure.

Highlights

  • Well-maintained building with ample parking.
  • Excellent location offering convenient access to Bossier City and major parkways.

Property Details for 3003 Knight St

Property type
Office properties, Office space
Square Feet
41,392 SF
Class
C
Year Built
1982
Buildings
1
Stories
2
Lot Size (sq. ft)
98,010 SF

Location Insight

City
Shreveport
County
Caddo Parish
State
Louisiana
Latitude
32.4824999
Longitude
-93.7052046

FAQs

What type of property is this?
Office property - High-yield office building, 41,392 SF
Where is the office property located?
The property is located at 3003 Knight St Shreveport, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Well-maintained building with ample parking.; Excellent location offering convenient access to Bossier City and major parkways.;
How can I contact the broker?
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3003 Knight St
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