1010 S Texas Ave - Storefront FOR SALE


Bryan, TX 77803- Midtown Bryan
$2,600,000 USD
512-482-5546
1010 S Texas Ave, Bryan, TX for Sale
$2,600,000 USD
Storefront - FOR SALE
1/3
null | Request Cap Rate

1010 S Texas Ave
Bryan, TX 77803
Midtown Bryan


HIGHLIGHTS

  • Attractively priced below replacement cost at $85 PSF.
  • Value Add-Opportunity with 11,000 SF to lease up in the middle and remodel second-story non-revenue generating space.
  • Average rents 15% below market.

OVERVIEW

This shopping center spans 30,600 rentable square feet and is strategically situated on two parcels totaling 2.24 acres on S Main Street and S Texas Ave, which are main thoroughfares connecting Bryan and College Station. The property is well positioned in a high-growth, high-traffic regional retail corridor, benefiting directly from the proximity to downtown Bryan and Texas A&M University. Texas Plaza is a 3-tenant retail center with a 13-year lease to Bingo Barn and 8 years remaining on the lease to Los Plebes. This property offers investors an excellent value add opportunity with 65% occupancy and the ability to lease up the middle 11,000 SF space and to remodel the second-story non-revenue generating space to increase return and revenue.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

MT-C

APN/PARCEL ID

41785

ASK ABOUT THIS PROPERTY

Adam RabinCBREMore Info
512-482-5546

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Adam RabinCBREMore Info
512-482-5546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.