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  5. ›BID 06S-26 NEWTON SMITH ELEMENTARY SCHOOL

Caddo Parish Public Schools·Louisiana

BID 06S-26 NEWTON SMITH ELEMENTARY SCHOOL

Closes 11/13/2025$200k – $500kInvitation for Bid
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Description

This opportunity is a cash‑sale auction of the former Newton Smith Elementary School campus located at 3000 Dr. Martin Luther King Jr. Drive in Shreveport, LA. The property comprises 11.445 acres with a 33,712 sq ft school building of average condition, slated for sale “as‑is” with a reserve price of $832,000. Prospective purchasers must submit sealed bids by the deadline and may conduct site visits on two scheduled dates. The sale includes all existing utilities and is subject to any existing mineral or easement rights. No construction or service work is required; the buyer assumes all environmental and liability responsibilities. • Reserve price: $832,000 (cash purchase) • Site size: 11.445 acres; building area: 33,712 sq ft • Deadlines: Questions by Oct 31 2025; bid submission by Nov 13 2025 10:30 a.m. CST • Site‑viewing appointments: Oct 22 2025 and Oct 29 2025 (optional) • Sale type: Cash, “as‑is” – buyer assumes all liabilities and existing rights.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Shavonda M. Scott(Director of Purchasing)

[email protected]

Key dates

Opened
10/14/2025
Questions due
10/31/2025
Site visit
10/22/2025
Closes
11/13/2025

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531130
Solicitation №
BID06S-26

Budget estimate

$200,000 – $500,000

The agency’s reserve price is $832,000, which the buyer will pay. Assuming a typical investor redevelops or repurposes the property, a reasonable profit margin for such redevelopment projects ranges from 25% to 60% of the purchase price, yielding an estimated earnings range of roughly $200,000 to $500,000 after accounting for renovation costs, financing, and market risk.

AI estimate from the solicitation

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