News Summary
Two historic buildings located at 864 Texas Avenue in Shreveport have been listed for sale, presenting redevelopment opportunities. These structures, dating back to the late 19th and early 20th centuries, sit in the Shreveport Common arts district. With a total of 12,000 square feet, they offer potential for creative projects, enhanced by zoning for various uses and eligibility for historic tax credits. Their rich history and prime location make them a compelling opportunity for developers looking to revitalize the downtown area.
Shreveport, Louisiana – Two historic buildings located at 864 Texas Avenue in Shreveport have recently been put on the market, offering new redevelopment opportunities for potential buyers. These structures are situated in the downtown arts and culture district known as Shreveport Common, which has gained recognition for its vibrant community and cultural amenities.
The properties, which date back to the late 19th and early 20th centuries, have a combined size of 12,000 square feet and consist of four bays. Notably, the oldest building on the site was constructed in 1898 and designed by architect N.S. Allen, who is also recognized for his work on local landmarks such as the Antioch Baptist Church and Logan Mansion. The second building, constructed in 1916, was designed by architect Edward F. Neild, known for his contributions including the Caddo Parish Courthouse and C.E. Byrd High School.
Currently, both buildings have four walls but lack roofs, presenting a unique challenge and opportunity for redevelopment. The site has a rich history of past commercial use, having housed furniture stores until the 1980s, with Lewis Furniture being the last known tenant. The area is further enhanced by its location directly across from Caddo Common Park, providing a picturesque view for any future use.
One significant advantage of these buildings is their eligibility for historic tax credits, which can cover up to 40% of qualified rehabilitation costs. This financial incentive could make the redevelopment project more attractive to potential developers seeking to enhance the area’s cultural and economic landscape.
The properties are zoned under the Downtown Arts and Culture District designation, which allows for various potential uses. This zoning supports the establishment of bars, art galleries, studios, above-ground-floor residences, and educational facilities, providing developers with a versatile framework to work within. The buildings also feature numerous windows that allow for ample natural light, enhancing any interior space.
Additionally, the sale of the property includes adjacent green space to the south, further increasing the potential for development and community integration. The presence of a loading dock at the back of the property adds practical value, facilitating potential commercial use.
Claire Childs, the brokerage and leasing agent for Vintage Realty in Shreveport, has stated that these buildings represent a blank canvas for developers. The potential for creative projects and ventures is extensive, highlighting an exciting opportunity for those looking to contribute to the revitalization of downtown Shreveport.
The interest in such redevelopment projects aligns with broader efforts to enhance the arts and culture district of Shreveport, creating a dynamic environment for residents and visitors alike. As the real estate market continues to evolve, the fate of these historic buildings may play a pivotal role in shaping the future of this vibrant area.
For those interested in the redevelopment potential or historical significance, the properties at 864 Texas Avenue offer a unique intersection of opportunity, history, and community enhancement, waiting to be transformed into something impactful for the Shreveport community.
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Additional Resources
- Shreveport Bossier Advocate
- Wikipedia: Shreveport
- Shreveport Bossier Advocate – Historic Tax Credits
- Google Search: Historic tax credits
- Shreveport Bossier Advocate – Downtown Arts Overlay
- Google Scholar: redevelopment opportunities Shreveport
- Shreveport Bossier Advocate – Community Enhancements
- Encyclopedia Britannica: Arts and Culture District
