610 Market StShreveport, LA 71101

  • Other commercial real estate
  • 15,600 SF
For Sale
$599,000 View listing

Property Details for 610 Market St

Property size (Sq ft)
15,600 SF
Property type
Other commercial real estate
APN
181437-148-0038-00
APU
181437148003800

Description

This exceptional mixed-use property, the M.L. Bath Building, presents a compelling redevelopment opportunity in the heart of Shreveport, Louisiana. Located at 610 Market St, this vacant, 45,000 square foot building boasts a rich history, having served as an office supply and printing company since its construction in 1921. The property comprises two buildings, totaling four stories in the main building and two in the expansion, all constructed of concrete and masonry. A full, semi-above-ground basement features roll-up doors for convenient access. The unique layout offers significant potential for conversion into multi-family units, particularly on the second, third, and fourth floors. The rooftop provides stunning views of the city, riverfront, and Festival Plaza, and could be transformed into an outdoor amenity. With two loading doors, an 11,300 square foot lot, and a D-1-CBD zoning permit, this six-unit property is priced at $599,000 ($115,000 per unit). This is an ideal investment for developers seeking to capitalize on the revitalization of Downtown Shreveport's multi-family market. The property's central location and substantial size make it a truly unique and promising investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,908,572
    Hospitality
    $4,496,226
    Educational
    $3,740,807
    Medical
    $3,869,459
    Retail
    $5,819,034
610 Market St, Shreveport, Louisiana

Location Insight

City
Shreveport
County
Caddo
State
Louisiana
Latitude
32.5128
Longitude
-93.7468
CBSA code
43340
CBSA name
SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,286
$7,800
$11,710
$19,510
-
$78,000
$78,064
$156,064

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