300K SF Office | Resi Conversion Potential + Tax Credits | Shreveport CBD

Highlights:

• Substantial Downtown Anchor Asset – A distinctive ±293,917 square foot, 14-story office tower in the heart of Shreveport's Central Business District, offering exceptional vertical density and a prominent market presence.
• Adaptive Reuse & Conversion Potential – The building's solid 1950s construction and established infrastructure provide an ideal foundation for modernization and repositioning, including residential conversion and mixed-use development strategies aligned with market trends.
• Tax Credit Opportunity – Access to federal and state incentive programs, including potential historic tax credit utilization, creates significant value-add potential and enhanced returns for tax-advantaged investment structures.
• CBD Revitalization Tailwinds – Positioned to benefit from ongoing downtown Shreveport revitalization initiatives and the region's growing demand for urban residential and experiential spaces in an emerging Southeast market.
• Multiple Value-Creation Pathways – Flexible repositioning options including office modernization, residential conversion, mixed-use development, and phased renovation strategies provide investors with diverse strategic pathways to maximize returns.
• Walkable Urban Location – The prime CBD location offers inherent walkability and accessibility, positioning the asset to capture growing demand for urban living and experiential amenities in the Southeast region.
• Patient Capital Opportunity – An exceptional offering for forward-thinking investors seeking long-term appreciation, tax-advantaged returns, and exposure to emerging markets with demonstrated development upside and strong fundamentals.

Description:

Landmark Commercial Real Estate, in partnership with Apex Commercial Exchange, is pleased to present an exceptional acquisition opportunity: a distinctive ±293,917 square foot, 14-story office tower located at 525 Milam Street in the heart of Shreveport's Central Business District. This Class C office asset, built in 1950, represents a compelling value-add opportunity for investors seeking exposure to adaptive reuse and residential conversion projects with significant tax credit potential.



The property commands a substantial footprint across 0.42 acres and offers exceptional vertical density with its 14-floor configuration. The building's solid construction and established infrastructure provide an ideal canvas for modernization and repositioning. The downtown Shreveport location offers inherent walkability and accessibility, with the property positioned to benefit from ongoing CBD revitalization initiatives and mixed-use development trends throughout the Southeast region.



This asset presents a unique value proposition for forward-thinking investors. The building's scale, structural integrity, and prime CBD location create multiple strategic pathways, including office repositioning, residential conversion with potential historic tax credit utilization, and mixed-use development. The existing office infrastructure can support phased renovation strategies, while the downtown location positions the property to capitalize on the growing demand for urban residential and experiential spaces.

Auctioneer: David Gilmore, Gilmore Auction & Realty - LA License #: Auction 447 RE 39316

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