331 Milam St, Shreveport, LA 71101
- $2,400,000
- List Price
- $2,400,000
- Status
- ACTIVE
- MLS#
- 21007093
- Subtype
- CommercialSale
- Construction Status
- Preowned
- Year Built
- 1980
- Lot Size
- 40,946
- Acres
- 0.94
- 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.
Additional Information
- Taxes
- $16,483
- Flooring
- Carpet, Wood
- Heating
- Central
- Air Conditioning
- Central Air
- Roof
- Flat
- Foundation
- Slab
- Parking Features
- Paved
Mortgage Calculator
Listing courtesy of Andrew Cordaro from Coldwell Banker Apex, REALTORS. Contact: 318-861-2461