331 Milam Street new Save Request In-Person Tour Request Virtual Tour
Shreveport,LA 71101
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 21007093
Year Built 1980
Annual Tax Amount $16,483
Lot Size 0.940 Acres
Property Sub-Type Office
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.
Location
State LA
County Caddo
Zoning D-1-CBD.
Interior
Heating Central
Cooling Central Air
Flooring Carpet,Wood
Exterior
Utilities Available City Sewer,City Water
Roof Type Flat
Building
Foundation Slab
Structure Type Stucco
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21007093