Renovated Single-Tenant Office
2303 Line Avenue Shreveport, LA 71104
2303 Line Avenue, Shreveport, LA, 71104
$250,000
For Sale
$250,000
Renovated office building with on-site parking, updated in 2023 for single-tenant architectural office use.
Property Size1,266 SF
Price / SF$197.47
Days on Market41
Property Features for 2303 Line Avenue
General Information
- Standard status
- Active
- Size
- 1,266 SF
- Property subtype
- Office
Building Details
- Year Built
- 1952
Listing Agency
Walker-Alley & Associates
Listed by
Danielle Cummings
Source
Xome
Added: Jun 7 Checked: Jul 16 at 7:23 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 Walker-Alley & Associates
Investment Insights
Based on property information with market context.
This newly renovated single-tenant office building was originally built as a medical clinic and was continually occupied as a medical office before being purchased by the seller. In 2023, the building was completely remodeled into an architecture office setting, reflecting a modernized interior tailored to professional use.
The property is located on Line Avenue at Boulevard Street, just north of Kings Highway, within the Historic Highland Neighborhood. The building also includes a large parking lot, supporting convenient customer and employee parking for day-to-day operations.
As a single-tenant office facility, this property is well-suited for professional firms seeking a turnkey, recently renovated space rather than a work-in-progress. The remodeling completed in 2023 provides an updated environment for an architecture office, while the parking lot helps accommodate visitors and staff throughout the workweek.
The property is located on Line Avenue at Boulevard Street, just north of Kings Highway, within the Historic Highland Neighborhood. The building also includes a large parking lot, supporting convenient customer and employee parking for day-to-day operations.
As a single-tenant office facility, this property is well-suited for professional firms seeking a turnkey, recently renovated space rather than a work-in-progress. The remodeling completed in 2023 provides an updated environment for an architecture office, while the parking lot helps accommodate visitors and staff throughout the workweek.
Key Highlights
- Newly renovated single‑tenant office building on Line Ave at Boulevard Street, just north of Kings Hwy
- Completely remodeled in 2023 and converted to an architectural office from former medical clinic/medical office use
- Built in 1952
Local Financial Insights For Office B
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 | $22.8k | $18.00 |
| − Vacancy | −$3.6k | −$2.88 |
| EGI | $19.1k | $15.12 |
| − OpEx | −$4.8k | −$3.78 |
| NOI | $14.4k | $11.34 |
1,266 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$205.1K
$179.5K – $239.3K
NOI $14,356 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.2K
$233.8K – $311.7K
NOI $18,704 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Recovery Strategies Inc
Social Service Agency
Epling Jr John ...
Counselor
COE Architecture International
Architect
Csatho Judy MD
Physician
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FAQs
What type of property is this?
Office building - Renovated office building with on-site parking, updated in 2023 for single-tenant architectural office use.
Where is this office building located?
The property is located at 2303 Line Avenue Shreveport, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Newly renovated single‑tenant office building on Line Ave at Boulevard Street, just north of Kings Hwy; Completely remodeled in 2023 and converted to an architectural office from former medical clinic/medical office use; Built in 1952
