1501 Peabody StShreveport, LA 71103

Property Details for 1501 Peabody St

Property type

Warehouses

Property subtype

Land

Description

This exceptional redevelopment opportunity presents a unique chance to transform a nearly one-acre lot in Shreveport's historic Ledbetter Heights neighborhood. Located on Peabody Street, just off Texas Avenue, the property includes an existing building with no assessed value and an additional half-acre parking lot across the street. This prime location offers significant potential for a visionary developer seeking to revitalize a key area of the city. The property's size and location make it ideal for a variety of projects, particularly those aligned with community development goals. The existing structure, while lacking value, provides a blank canvas for creative repurposing. Leveraging available state and federal tax credits for historic property redevelopment could significantly enhance the project's financial viability. This is a rare chance to contribute to the revitalization of a historic Shreveport neighborhood while potentially realizing substantial returns. The asking price is $200,000. The property is zoned for commercial use and offers significant upside for the right investor. Don't miss this chance to shape the future of downtown Shreveport.

Location Insight

City

Shreveport

County

Caddo

State

Louisiana

Latitude

32.5025

Longitude

-93.7575

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