729 Milam St, Shreveport, LA 71101

  • Asking Price: $325,000

    KW Commercial is pleased to offer for sale the historic Creswell Hotel and adjacent Hamilton Residence, a mixed-use residential/office flats opportunity. The properties are being offered as a package, or individually. Creswell Hotel is prominently located within the Shreveport Common Cultural District, a
    nationally recognized and award-winning cultural district in Downtown Shreveport. Overlooking the Central ARTSTATION, operated by Shreveport Regional Arts Council (SRAC), this +/-21,000 SF historic redevelopment is perfectly positioned to capitalize on the growing demand for artist studios and current demand for market rate multi-family in downtown.  According to a third-party market survey commissioned by Shreveport Common, the demand for artist studios is in excess of 200 units. Per the Downtown Development Authority, demand for market rate multi-family remains strong. Pre-leased before opening roughly four years ago, the Sears Building maintains near 100% occupancy. Also, The Standard has achieved 90% occupancy in less than a year. A Creswell Hotel mixed-use redevelopment is poised to capture both the artist studios and market rate multi-family demand. In addition, there are several street-level retail spaces totaling +/-4,200 SF (one space currently leased). The retail component could draw customers from the building, as well as from the general area.

    • Total Sq. Ft. - 21000 sq. ft.
  • Contact

    Trenton Siskron ( email ) • KW Commercial NWLA
    Phone: 318-213-1555