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Caddo Parish Public Schools·Louisiana

Bid-02S-26-Newton Smith Elementary

Closes 10/2/2025$100k – $1MInvitation for Bid
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Description

The Caddo Parish School Board is selling the former Newton Smith Elementary School campus (11.445 acres, 33,712 sf building) by cash sale. Interested parties must submit sealed bids that meet or exceed the $884,000 reserve. The property is offered “as‑is,” with the buyer assuming all environmental and title risks, while the Board retains mineral rights. Site viewings are by appointment only, and all questions must be submitted by the stated deadline. Bids are due October 2, 2025 at 10:30 a.m. CST. • 11.445‑acre former school site located at 3000 Dr. Martin Luther King Jr. Drive, Shreveport, LA 71107. • Minimum cash purchase price: $884,000; payment required by cashier’s check upon award. • No de‑branding or pre‑qualification required; only standard debarment certification. • Buyer assumes all liabilities (environmental, title, mineral rights) and must conduct due‑diligence before bid submission.

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
9/2/2025
Questions due
9/19/2025
Site visit
9/10/2025
Closes
10/2/2025

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531210
Solicitation №
BID02S-26

Budget estimate

$100,000 – $1,000,000

Because the opportunity is a property purchase, the “earnings” for the buyer come from the potential resale or redevelopment profit rather than a direct contract payment. Assuming a buyer acquires the site for $884 K and redevelops it into mixed‑use residential units, typical profit margins in similar Shreveport projects range from 15‑30 % of total development cost (estimated $2‑4 M). That yields an expected profit window of roughly $300 K to $1.2 M. Therefore, a conservative low estimate of $100 K (if the buyer holds or flips quickly) and a high estimate of $1 M (if a full redevelopment succeeds) are reasonable.

AI estimate from the solicitation

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