1501 Peabody StShreveport, LA 71103

This exceptional redevelopment opportunity presents a unique chance to transform a nearly one-acre lot in Shreveport's historic Ledbetter Heights neighborhood. Located on Peabody Street, just off Texas Avenue, the property includes an existing building with no assessed value and an additional half-acre parking lot across the street. This prime location offers significant potential for a visionary developer seeking to revitalize a key area of the city. The property's size and location make it ideal for a variety of projects, particularly those aligned with community development goals. The existing structure, while lacking value, provides a blank canvas for creative repurposing. Leveraging available state and federal tax credits for historic property redevelopment could significantly enhance the project's financial viability. This is a rare chance to contribute to the revitalization of a historic Shreveport neighborhood while potentially realizing substantial returns. The asking price is $200,000. The property is zoned for commercial use and offers significant upside for the right investor. Don't miss this chance to shape the future of downtown Shreveport.