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    1513 Line Ave Shreveport, LA 71101

    Sponsored
    For Sale
    $4,000,000

    117,723 SF, 117 Units, High Potential

    Property size:
    117,723 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property presents a compelling investment opportunity in Shreveport, Louisiana. Comprising three buildings totaling approximately 117,723 rentable square feet on a 1.645-acre lot, this asset offers significant upside potential. Currently 43% leased, the property boasts 117 units, including 117 apartment units and 16 commercial spaces, ranging from 85 to 10,408 square feet. The buildings, constructed in 1950 and featuring brick construction, are strategically located just south of Shreveport's central business district, benefiting from high visibility and convenient access to Interstates 20 and 49. The property includes a parking garage with approximately 221 spaces, offering ample parking for residents and tenants. The site enjoys a prime location near four hospitals, medical offices, and neighborhood restaurants, ensuring consistent demand. With a daily traffic count of 21,202 vehicles on Line and Jordan Streets, this property benefits from high traffic exposure. Zoned C-UC, this property allows for a variety of uses, making it ideal for redevelopment or continued operation as a mixed-use complex. Amenities include elevators, conference rooms, laundry facilities, and covered parking. The asking price is $4,000,000.

    Property Features for 1513 Line Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    117,723 SF
    Lot Size
    71,656 SF

    Building Details

    Year Built
    1950
    Buildings
    3
    Units
    117

    HighLights

    • Three buildings totaling 117,723 rentable square feet.
    • Currently 43% occupied, offering significant lease‑up potential.
    • 221‑space parking garage.
    • Excellent location just south of Shreveport's Central Business District (CBD).
    • Surrounded by four hospitals, medical offices, and restaurants.
    • Easy access to I‑20 and I‑49.
    Property Profile Location Intelligence

    Current Use by Public Records

    NL Whole Health ... Mental Health Clinic Jenkins Counseling Services Mental Health Service Donzell Harrison Social Worker Outreach Services Community ... Association / Organization Serenity Counseling Services,LLC Mental Health Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.7454989
    Latitude
    32.497204

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    FAQs

    What type of property is this?
    Mixed-use property - 117,723 SF, 117 Units, High Potential
    Where is this mixed-use property located?
    The property is located at 1513 Line Ave Shreveport, LA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Three buildings totaling 117,723 rentable square feet.; Currently 43% occupied, offering significant lease-up potential.; 221-space parking garage.
    Request Owner's contact information
    1513 Line Ave Shreveport, LA 71101
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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
    1513 Line Ave Shreveport, LA 71101
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