308 Belcher St - Medical FOR SALE


Cleveland, TX 77327
$550,000 USD
713-703-2101
308 Belcher St, Cleveland, TX for Sale
$550,000 USD
Medical - FOR SALE
1/7
null | 9.02% Cap Rate

308 Belcher St
Cleveland, TX 77327


HIGHLIGHTS

  • Income producing property with 9 CAP Rate
  • 10 CAP is possible with rental of dent equipment and furniture
  • Long term tenants in Units A and B

OVERVIEW

Unit A is 900 sqft and is currently leased for $1,150/mo. Unit B is 600 sqft and is currently leased for $850/mo. Unit C is 2,038 sqft and is set up as a dentist office with a dental lab. It is currently vacant but rent would be $2,750/mo. Dental equipment and furniture could be leased for an additional $1,000/mo. This would also be a good location for a veterinarian.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

9.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

General Commerical

APN/PARCEL ID

007490-000058-007

ASK ABOUT THIS PROPERTY

Suzanna CheekAnne Vickery & Associates Realty, L.L.C.More Info
713-703-2101

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Suzanna CheekAnne Vickery & Associates Realty, L.L.C.More Info
713-703-2101

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