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Price REDUCED to $725,000. 17,129 square foot suburban office/retail complex comprised of two buildings, each approximately 8,560 square feet. Buildings may be acquired separately for split ownership with shared common areas and parking. Individual buildings offered at $400,000 each. Buildings are partially leased with space available for an owner-user, or lease up potential for investor upside.
Troy Plaza’s location is viable for businesses desiring accessibility to some of the fastest growing areas in south Bossier and south Shreveport. The B-2 zoning is appropriate for many retail uses in addition to the current office use. Its position on East 70th Street, the route to and from Shreveport’s major retail corridor, offers prime frontage with good visibility, and opportunities for showroom/retail or service businesses to capitalize on convenient drop off/pick up possibilities for commuters. - Parking description: Ample - Class of space: Class B
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On average, listings lease in the $20's per square foot per year. The Springlake-University Terrace submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.
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