711 S VIENNA STREET Ruston, LA 71270

Mixed Use Residence

Beds

Baths

24,962 Sq. Ft.

1.82 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 12/27/2024 9:59 AM

Listing Details

Ruston, Louisiana is energized and development is happening all around! One of her heirloom properties is now ready to be repurposed! The original use of this property was in serving its community as its first hospital. Most recently, LA Tech utilized the space as its Biomedical Engineering Building.... The current owner is now offering a 30-day opportunity to purchase the land and building along with completed architectural plans to convert the building into a 20-unit multi-family complex. The price for the land (3.6 Acres) and the building is set at $720,000. The additional $100,000 within the purchase price is for the owner to get back what has already been spent and achieved working with The Louisiana Division of Historic Preservation (â??SHPOâ??) in securing the benefits of state Historic Tax Credits (HTC), to assist in making this historic rehabilitation project economically feasible and put this amazing historic property back into commerce in the beautiful city of Ruston, LA. Current Status of the 3 Step SHPO Process: Part 1 â?? Certification of Contributing Status - Approved. Part 2 â?? Proposed Work Description - Waiting Confirmation. Project # 48051 / Ruston Hospital. With accepted offer, the Seller will be able to transfer all rights/benefits of work completed to Buyer for completion and enjoyment. To learn more about The SHPO Process and benefits to Louisiana Real Estate Developers go to: https://www.steeglaw.com/louisiana-historic-tax-credits-what-developers-need-to-know. Continue reading

MLS#

212815

Property Type

Mixed Use

Year Built

1928

Square Feet

24,962 sq. ft

Lot Size

1.82

Sewer

Public Sewer