707 Caddo St, Unit 15 Shreveport, LA 71101

Property Details for 707 Caddo St

Property type

Commercial real estate

Description

This exceptional 6,000 square foot commercial land parcel presents a prime development opportunity in the heart of downtown Shreveport, Louisiana. Located at 707 Caddo Street, this property boasts 40 feet of frontage on Caddo Street and a depth of 150 feet. Its strategic location offers unparalleled access to a thriving residential and commercial environment. The lot is situated just 160 feet from the nearly-completed Bayou Grande Apartment Complex, adding to its high potential for retail development. This complex alone houses over 1,000 residents within easy walking distance. Furthermore, the property's proximity to numerous loft apartment buildings (housing over 100 residents) and high-rise office buildings (employing over 800 workers) ensures a substantial and readily available customer base. The asking price is $90,000, translating to $15 per square foot. This lot, designated as Lot 15, offers significant potential for development on its own. However, combining it with the adjacent Lot 16 (on the corner of Caddo Street and Louisiana Avenue) would create a substantial 18,000 square foot site, ideal for a mixed-use development such as a gas station/convenience store and grocery store. The entire block (Block 2) comprises sixteen lots, potentially totaling over 96,000 square feet, presenting further expansion possibilities. All offers are welcome. The property is located in Caddo Parish, Louisiana, zip code 71101.

Location Insight

City

Shreveport

County

Caddo Parish

State

Louisiana

Longitude

-93.75408

Latitude

32.513469