215 Carroll StShreveport, LA 71105

Property Details for 215 Carroll St

Construction

BRICK

Lot size

2.53 AC

Property size (Sq ft)

18,114 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

171320-146-0001-00

APU

171320146000100

Description

This exceptional 18,107 square foot special purpose property, situated on a 2.53-acre lot in Shreveport, Louisiana, presents a unique investment opportunity. Originally developed as a recreational facility, this property boasts two buildings. The primary building, spanning 16,283 square feet, features a masonry block and steel frame construction with a sealed rubberized and built-up tar & gravel roof. Inside, you'll find offices, an exercise area, childcare room, gymnasium, two restrooms, and two large locker rooms complete with lockers, dressing areas, showers, and steam rooms. Finishes include tile, carpet, and wood flooring. The secondary building, at 1,824 square feet, offers a single open room with a small storage area and concrete flooring. The property also includes a 25-meter, six-lane outdoor swimming pool (3-11 feet deep) with a new pump and sand filters, and a 38' x 18' indoor pool with a salt cell and heater (approx. 5 years old). Outdoor amenities include approximately 0.9 acres of recreational fields with three batting cages and paved parking for 53 vehicles. The property is zoned C-1 and is located on Carroll Street, just east of Youree Drive in Southeast Shreveport. Built in 1968 and renovated the same year, this property offers significant potential for various uses, including sports, entertainment, religious, or educational purposes. The property's size, amenities, and location make it an attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $5,655,878

  6.5%

  $5,220,810

  7%

  $4,847,895

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,040,212

  Geo Method

  $3,044,882

• Alternative Use

  Use

  Valuation

  Residential

  $5,699,608

  Hospitality

  $5,220,810

  Educational

  $4,343,652

  Medical

  $4,493,038

  Retail

  $6,756,793

Location Insight

City

Shreveport

County

Caddo

State

Louisiana

Latitude

32.4528

Longitude

-93.72

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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