1612 9th St - Storefront Retail/Office FOR SALE


Wichita Falls, TX 76301- West Wichita Falls
$848,000 USD
972-233-7049
1612 9th St, Wichita Falls, TX for Sale
$848,000 USD
Storefront Retail/Office - FOR SALE
1/10

1612 9th St
Wichita Falls, TX 76301
West Wichita Falls


HIGHLIGHTS

  • Medical District
  • 900 sqft office space available for lease on the second floor. Extra income.
  • New LED outside lighting.
  • Building in great condition

OVERVIEW

A 9,900 sqft shopping center remodeled in 2000, consisting of 4 suites in the heart of Wichita Falls medical district. Guffey's Drug 2,231 sqft (tenant for over 20 years), Clinical Pathology 1,824 sqft, Frank& Hours Coffee 2,000 sqft (with a drive through), and a 2,000 sqft vacant suite (formerly Lula & Flora's…still paying rent). Net income of $66,561.73 with a 7.85% cap rate at $848,000. Additional rental income with extra storage space in back (1,925 sqft) and also a office space (approximately 900sqft separate from the 9,900 sqft center sqft) with restroom (on top and behind Guffies Drug.) New roof in 2000 and some roofing replaced as needed. All electrical and plumbing has been updated at Frank and Joe's and the vacant suite next door in the last 5 years. A rent roll and more tenant details available upon qualified inquiries and buyers. Great one of a kind location in medical area.

FOR SALE DETAILS

PRICE

$848,000 USD

CAP RATE

7.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frank & Joe's Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

GC

APN/PARCEL ID

158690

ASK ABOUT THIS PROPERTY

Rodd WombleSchaaf & ClarkMore Info
972-233-7049

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Rodd WombleSchaaf & ClarkMore Info
972-233-7049

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