1323 S 27th St - Medical FOR SALE


Nederland, TX 77627- Downtown Nederland
$1,700,000 USD
409-651-3559
1323 S 27th St, Nederland, TX for Sale
$1,700,000 USD
Medical - FOR SALE
1/31
null | Request Cap Rate

1323 S 27th St
Nederland, TX 77627
Downtown Nederland


HIGHLIGHTS

  • INVESTMENT OPPORTUNITY
  • MULTI TENANT BUILDING
  • WELL MAINTAINED
  • ADDITIONAL UNIMPROVED LAND INCLUDED

OVERVIEW

This property offers such an opportunity for an End User/ Investor * Current owner has relocated and is diversifying his investment portfolio * Property has not been marketed for lease and offers an excellent opportunity for well maintained office suites for this market * Not being sold on a cap rate due to currently large vacancy * priced at $91.50 psf providing the new ownership to step in and maximize this well maintained facility * property owner owns his own property management and janitorial service company and is open to continuing to property manage the property for a new owner * Suites can be reconfigured in size to respond to market demand * timer controlled front door entrance start and end of business day * camera monitoring system on site * large parking surface on front and side with a covered canopy for client pick up and drop off * includes a 1.607 unimproved (grassed) lot for future development or green barrier. Currently there are (3) long term tenants remaining in month to month status bringing in $151,980 / year with a proforma of similar rents for the other (5) suites at an additional $148,000 / year income * current expenses are approximately $136,324 with all services being rendered to the building just as if it were fully leased. The stage is set!!! Property just needs a new owner to start making it happen! Tours by appointment only - please call to arrange with the listing broker. *Request prospects not to interrupt the existing tenants business operations (all are medical services)

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.25 AC

LAND SF

141,570 SF

ZONING

C3

APN/PARCEL ID

049401-000-015800-00000

ASK ABOUT THIS PROPERTY

Debbie CowartColdwell Banker Commercial Arnold and AssociatesMore Info
409-651-3559

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

Debbie CowartColdwell Banker Commercial Arnold and AssociatesMore Info
409-651-3559

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