3003 Knight St Shreveport, LA 71105

Property Details for 3003 Knight St

Year built

1982

Lot size

2.25 lot acres

Property size

41,392 SF

Property type

Office Properties & Spaces

Property subtype

Office space

Description

This exceptional investment opportunity presents a well-maintained, two-story creative office building situated on a 2.25-acre lot in Shreveport, Louisiana. The property, located at 3003 Knight St, boasts 41,392 square feet of total space, with 35,957 square feet of net rentable area. Currently operating at 60% occupancy, this multi-tenant building offers a strong stabilized investment profile with a 7.75% cap rate and a net operating income (NOI) of $112,425. The asking price is $1,450,000, translating to a price per square foot of $35.03. Built in 1982, the Class C building is zoned C-3 and features a large parking lot, providing ample space for tenants and visitors. Its convenient location offers easy access to Bossier City and major parkways, enhancing its appeal to a wide range of businesses. The gross lease structure simplifies management, while the substantial lot size presents potential for future expansion or redevelopment. This is a prime opportunity to acquire a well-positioned, income-producing asset in a growing market. The property features one building and is currently operating under a multi-tenant lease structure.