2400 Richmond Rd - Storefront FOR SALE


Texarkana, TX 75503
$13,000,000 USD
305-308-5870
2400 Richmond Rd, Texarkana, TX for Sale
$13,000,000 USD
Storefront - FOR SALE
1/7
null | 16% Cap Rate

2400 Richmond Rd
Texarkana, TX 75503


HIGHLIGHTS

  • ~35 Acre Retail Asset with Upside | $2,080,000 NOI as of now
  • 80% Occupied | ~350,000 SF GLA | 3,424 Parking Spaces
  • strong regional trade area at the TX-AR border with limited competition in a 50+ mile radius.

OVERVIEW

NOI $2,080,000 in place, value add in vacancy and land Texas Mall – 35 Acre Retail Asset with Upside | $2,08M NOI 80% Occupied | 350,000 SF GLA | 3,424 Parking Spaces Key Highlights: Gross Leasable Area: approx 350,000 SF Parking: 3,424 spaces Land: Approx. 35 Acres Occupancy: ~80% Current NOI: $2,08M/year current Former Sears excluded from sale. Texas Broker of Record Solutions, Inc. Firm License: #9014506 Alex Everest Broker License: #818858

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Central Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Auto Dealership, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

3424

LAND DETAILS

LAND ACRES

35.05 AC

LAND SF

1,526,778 SF

ZONING

Commercial

APN/PARCEL ID

11100000900

ASK ABOUT THIS PROPERTY

Ilona AntonovaRoyal Empire Realty, LLC.More Info
305-308-5870

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Ilona AntonovaRoyal Empire Realty, LLC.More Info
305-308-5870

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