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    1501 Peabody St Shreveport, LA 71103

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    For Sale
    $200,000

    Prime property in historic Ledbetter Heights for redevelopment.

    Lot size:
    1.38 Acres

    Property Features for 1501 Peabody St

    General Information

    Lot size
    1.38 Acres

    Building Details

    Year built
    1940

    Source: Coldwell Banker Apex, REALTORS Agent Tena Hines

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Redevelopment Opportunity

    This property presents a redevelopment opportunity in the west end of downtown, specifically in historic Ledbetter Heights, situated just off Texas Avenue. The property includes nearly an acre of land, along with a parking lot across the street comprising nearly a half acre. The existing building is not included in the valuation. This property is suited for a visionary with a community focus. Potential uses include church to apartment and condo conversions, aligning with trends observed in other cities. Redeveloping the existing building may be a preferable option to new construction. Developers may be able to take advantage of state and federal tax credits available for redevelopment of historic properties.
    Insight Report Location Intelligence

    Current Use by Public Records

    Williams Memorial CME ... Church

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.757754
    Latitude
    32.502495

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    FAQs

    What type of property is this?
    Commercial land - Prime property in historic Ledbetter Heights for redevelopment.
    Where is this commercial land located?
    The property is located at 1501 Peabody St Shreveport, LA.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in the west end of downtown.; - Nearly one acre lot included with the sale.; - Additional nearly half-acre parking lot across the street included.
    Request Owner's contact information
    1501 Peabody St Shreveport, LA 71103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 Peabody St Shreveport, LA 71103
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