407 E Orange Ave - Drug Store FOR SALE
Orange Grove, TX 78372 |
$350,000 USD
214-295-5743
407 E Orange Ave
Orange Grove, TX 78372
HIGHLIGHTS
- Redevelopment Opportunity – The building occupies ±3,000 Square Feet and sits on ±1.16 acres. The estimated market rent is $16-$20/SF, per CoStar
- Proximity to Schools – Nearby schools include Orange Grove High School (558 students), Orange Grove Junior High (400 students)
- Future Development Plans – Orange Grove Solar Project by Enbridge Inc. This project is set to generate 130 megawatts (MW) of clean energy
- Ideal Investment – Offering price per square foot is $117/SF. The rent per square foot is $12.90/SF, while the market average is $18/SF
- Income Tax-Free State – Subject property is located in the state of Texas, one of nine states that offers no state income tax.
OVERVIEW
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Kevin Puder and Chad Kurz (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
FOR SALE DETAILS
PRICE
$350,000 USD
PRICE/SF
$117 USD /SF
CAP RATE
11.05%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FORMER CRAWFORD PHARMACY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.16 AC
LAND SF
50,530 SF
ZONING
-
APN/PARCEL ID
12060-003-000-00
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214-295-5743
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214-295-5743
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