Downtown Shreveport Mixed-Use
403 Lake Street Shreveport, LA 71101
403 Lake Street, Shreveport, LA, 71101
$734,000
For Sale
$734,000
Mixed-use property in Downtown Shreveport with redevelopment potential.
Property Size8,200 SF
Price / SF$89.51
Days on Market1024
Property Features for 403 Lake Street
General Information
- Standard status
- Active
- Size
- 8,200 SF
- Property subtype
- SCR-REST, SCR-STREET, MU
Listing Agency
KW Commercial NWLA
(318) 213-1555
Listed by
Trenton Siskron · License #0995687110
(318) 213-1555
Source
Realnex
Added: Sep 28, 2023 Checked: Jul 16 at 1:44 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial NWLA
Investment Insights
Based on property information with market context.
Located in Downtown Shreveport, 403 & 407 Lake Street presents a mixed-use opportunity. The property includes two municipal addresses and totals 8,200 square feet. 403 Lake Street, with a 4,200 square foot footprint, is currently owner-occupied and operates as a tattoo artist school and training facility. The remaining 4,000 square feet at 407 Lake Street was previously utilized as a dormitory and office for the school and is now primarily used for storage. Additionally, 315B Lake Street is a 6,700 square foot warehouse featuring two restrooms and mezzanine storage, which is not included in the square footage calculation. The warehouse includes a man door entry and an enclosed lean-to garage on the west side, with rollup door access to an alley on the east side. The owner requires a minimum two-year lease-back of the warehouse after the sale, with an option to extend. The property offers ample parking across four parcels, further expanding redevelopment options. The heavy plumbing infrastructure throughout 403 & 407 Lake Street provides multiple redevelopment options and use-types. This property offers a downtown redevelopment opportunity without the costs associated with a non-operational building.
Key Highlights
- Mixed‑use property in Downtown Shreveport with redevelopment potential.
- Includes a retail/office building (403 Lake Street) and a warehouse (315B Lake Street).
- 403 Lake Street is currently operating as an internationally known tattoo artist school and training facility.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.8k | $9.00 |
| − Vacancy | −$5.0k | −$0.61 |
| EGI | $68.8k | $8.39 |
| − OpEx | −$10.3k | −$1.26 |
| NOI | $58.5k | $7.13 |
8,200 SF · lease $9.00/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,988 @ 7.0% cap · market cap 12.67%
Second Best
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $88,560 @ 7.0% cap · market cap 12.07%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,150 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
World's Only Tattoo ...
Tattoo & Piercing Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in Downtown Shreveport with redevelopment potential.
Where is this mixed-use property located?
The property is located at 403 Lake Street Shreveport, LA.
What is the asking price?
The asking price for this property is $734,000.
What are key features of this property?
This property features: Mixed‑use property in Downtown Shreveport with redevelopment potential.; Includes a retail/office building (403 Lake Street) and a warehouse (315B Lake Street).; 403 Lake Street is currently operating as an internationally known tattoo artist school and training facility.
