115 Norma Jean Blvd - Light Distribution FOR SALE


Smithville, TX 78957
$795,000 USD
512-775-0974
115 Norma Jean Blvd, Smithville, TX for Sale
$795,000 USD
Light Distribution - FOR SALE
1/20
null | Request Cap Rate

115 Norma Jean Blvd
Smithville, TX 78957


OVERVIEW

With over 200 feet of State Highway 71 frontage between Bastrop and Smithville, this is an easily accessible warehouse, office, and finished living space. This property is well placed in the urban triangle - 30 minutes from Austin city limits, and 90 minutes from San Antonio and Houston. Built in 2017, approximately 700 sq ft is currently office space, approximately 700 sq ft above that finished out as a fully occupiable one-bedroom apartment with laundry, and the remaining 4,800 sq ft on the ground floor is split equally between two warehouse areas. One side of the warehouse space is insulated and air conditioned and has a large roll up door. The second side has four roll-up doors, a 50amp RV hook up, a utility room, and is plumbed for a bathroom. The office, apartment and conditioned warehouse are currently leased at $3,000/mo through August 2028. Use the income to offset your payments and build out the remaining 2,400 sq ft warehouse space to suit your needs. Due to the warehouse height, you could add a second floor and increase that to 4,800 sq ft of usable space. A workshop? More offices? More apartments? A combination of all? On 2.6 acres with streets on 3 sides, there is plenty of room to add more buildings. The sellers even have engineered plans to add nearly 11,000 sq ft of storage units on the acreage to add revenue – these plans will convey to you with the purchase.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2017

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

2.63

LAND SF

114,734

ZONING

-

APN/PARCEL ID

60542

ASK ABOUT THIS PROPERTY

Monica PossAllure Real EstateMore Info
512-775-0974

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Monica PossAllure Real EstateMore Info
512-775-0974

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