513 Milam St Shreveport, LA 71101

This mixed-use historic restoration project at 513 Milam St, Shreveport, LA includes architectural plans for 28–32 apartments, a bistro, a conference/entertainment room, 2–4 Airbnb lofts, 8–12 office spaces, a rooftop feature, and 45+/− storage units. The project is presented as available for state and federal historic tax credits, with Phase 1 and Phase 2 of the state historical tax credits application reported as completed by the current owner. The site is also described as located within a federal opportunity zone and is in Restoration Tax Abatement (RTA), with the current property tax rate stated to remain frozen until 2026. Plans for a new structural roof have been completed as well.

The property is positioned in the Central Business District, directly across the street from the Caddo Parish Courthouse. The remarks also note walking access to Shreveport casinos, the Red River Entertainment district, the United States Federal courthouse, and the Shreveport Convention Center, along with downtown banks, library, restaurants, and other downtown properties. Access to I-20 and I-49 is described as convenient.

A range of project materials and professional resources are noted as available to the buyer, and construction permits are stated to be issued at no charge. The remarks further indicate approximately 50%+/- of the historic tax credit-related costs have already been paid by the current owner, and the buyer is described as having potential access to non-recourse loan options through applicable parties.