1501 Peabody, Shreveport, Louisiana

Description

Back on the market because out of town group unable to secure the the first tranche of financing required for the project they proposed. This property offers a redevelopment opportunity in the west end of downtown. In Historic Ledbetter Heights just off the once thriving Texas Avenue. Existing building not included in the valuation of this property and sits on nearly an acre with the parking lot across the street of nearly a half acre also included in the sale. This is prime property for a visionary with a community focus who sees what can be possible and who is willing to lean in for all the right reasons. Church to apartment and condo conversions are a thing in real cities across the country as well as other opportunities to find a new use for an existing building. It's a better option than continuing to waste resources by building new. Taking advantage of state and federal tax credits available for redevelopment of historic properties could be a win-win-win for a savvy and visionary developer.

Directions: I-49 exit Pete Harris Dr to right turn on Peabody to properties on the corner at Butler.