1516 S Sycamore St - Warehouse FOR SALE


Palestine, TX 75801
$599,000 USD
903-480-3378
1516 S Sycamore St, Palestine, TX for Sale
$599,000 USD
Warehouse - FOR SALE
1/11
null | 15% Cap Rate

1516 S Sycamore St
Palestine, TX 75801


HIGHLIGHTS

  • Secure Storage in fenced yard
  • Located near Walmart Distribution Center & Railroad Tracks.
  • Total of 4 Drive- In Doors.
  • Warehouses are Insulated.
  • Water, Sewer, and Internet are available to site.

OVERVIEW

A prime investment or owner user opportunity to acquire 1516 S Sycamore St. This property features two large warehouses at 6,000 sq. ft. each with updated electrical and lighting. Each warehouse includes two Drive- In doors, one on each end of building. There are high ceilings and the buildings are good condition. The Land totals 2.23 acres in high security fenced yard. The location features easy access to train line, and road frontage. Property has recently been leased for $9,000 NNN a month and is a great income producer. There is also an additional option to lease.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$50 USD /SF

CAP RATE

15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.23

LAND SF

97,139

ZONING

Industrial

APN/PARCEL ID

R36988

ASK ABOUT THIS PROPERTY

Cynthia CastleberryTXNet PropertiesMore Info
903-480-3378

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Cynthia CastleberryTXNet PropertiesMore Info
903-480-3378

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