331 Milam St, Shreveport, LA 71101
- $2,400,000
- List Price
- $2,400,000
- MLS#
- 21007093
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- CommercialSale
- Year Built
- 1980
- Construction Status
- Preowned
- Acres
- 0.94
- County
- Caddo
- City
- Shreveport
- Subdivision
- Downtown
Property Description
26,045 SF downtown Shreveport office building for sale situated on 0.94 acres, and offering 78 parking spaces. Office building contains 3 floors and a mezzanine. United States Postal Service (USPS) leases the 1st floor which generates rental income of $109,720 annually, with the current lease term running through October 31, 2028. The Office Hub is located on the 2nd & 3rd floors with all tenants under Month-To Month leases. The 2nd & 3rd floors would be ideal for an owner-occupant or large tenant. Elevator is accessible for floors 1-3, and is serviced by Oracle Elevator Company. Zoned D-1-CBD. Roof replaced in 2017 with a 20-year warranty. Trane 25-ton and Trane 40-ton HVAC installed in 2017 for the 2nd & 3rd floors. Two Carrier 10-ton HVAC units installed in 2024 for the 1st floor (USPS). All HVAC systems are serviced quarterly by Storer Servcies.
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Additional Information
- Unexempt Taxes
- $16,483
- Tenant Pays
- None
- Lot Size
- 40,946
- Acres
- 0.94
- Flooring
- Carpet, Wood
- Foundation
- Slab
- Roof
- Flat
- Building Stories
- 4
- Parking Garage
- Paved
- Possession
- CloseOfEscrow
- Proposed Use
- Office
- Inclusions
- Building Only, Land & Improvements
Mortgage Calculator
Listing courtesy of Andrew Cordaro from Coldwell Banker Apex, REALTORS. Contact: 318-861-2461
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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