5555 Financial Plaza Cir Shreveport, LA 71129
- Hospitality properties
- 150,872 SF
- 7.94 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 5555 Financial Plaza Cir
- Year built
- 1982
- Lot size
- 7.94 lot acres
- Property size
- 150,872 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional 226-key hotel property in Shreveport, Louisiana, presents a compelling investment opportunity. Priced at $4,000,000 ($26.51/sq ft), this 150,872 square foot, two-building complex sits on a 7.94-acre lot (APN 171419-001-0001-00) and boasts a prime location less than four miles from Shreveport Regional Airport, a major travel hub serving nearly 700,000 visitors annually. The six-story, 1982-built hotel (C3 zoning) is conveniently situated near Interstates 220 and 20, boasting high visibility and accessibility with an average annual daily traffic count exceeding 120,000 vehicles. Its proximity to key attractions like Bally's Shreveport Casino, Ochsner LSU Health Shreveport, and the Shreveport-Bossier City MSA (nearly 400,000 residents) ensures strong potential for future occupancy. Currently non-operational and sold as a shell, this property offers significant upside potential. The existing structure is approved for conversion to a Holiday Inn franchise, and the zoning permits conversion to an assisted living facility
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shreveport
- County
- Caddo Parish
- State
- Louisiana
- Longitude
- -93.848
- Latitude
- 32.4528