403 Lk St Shreveport, LA 71101-3766

Property Details for 403 Lk St

Construction

BRICK

Lot size

0.36 lot acres

Property size

7,434 SF

Property type

Commercial real estate

APN

181437-134-0023-00

APU

181437134002300

Description

This exceptional mixed-use investment property in Shreveport's central business district presents a unique redevelopment opportunity. The 14,900 square foot complex, situated on a 1.66-acre lot, comprises three buildings with three units and is currently 45% occupied by the World's Only Tattoo School, which requires a minimum two-year leaseback with an extension option. The main building at 403 Lake Street, totaling 8,200 square feet, houses the school's retail/office space and a former dormitory now used for storage. A separate 6,700 square foot warehouse at 315B Lake Street features a mezzanine, restrooms, and a roll-up door. The property benefits from ample parking across four parcels and substantial existing plumbing infrastructure, offering diverse redevelopment potential. The asking price is $550,000 ($36.91/sq ft). The property is zoned D-1-HC and includes one dock-high door. This income-producing asset offers a significant advantage over vacant, dilapidated properties common in the area, providing immediate cash flow and a solid foundation for future development. The property's continuous operation minimizes the costs associated with bringing a vacant building up to code. This is a rare chance to acquire a functioning, income-generating property in a prime downtown location with significant upside potential.

Location Insight

City

Shreveport

County

Caddo

State

Louisiana

Longitude

-93.7452

Latitude

32.5098

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments