315 N Washington Ave - Warehouse FOR SALE


Cleveland, TX 77327
$520,000 USD
936-597-3301
315 N Washington Ave, Cleveland, TX for Sale
$520,000 USD
Warehouse - FOR SALE
1/14
null | Request Cap Rate

Apr '27


315 N Washington Ave
Cleveland, TX 77327


HIGHLIGHTS

  • Existing tenant since 1993, Corner Location, dual access, truck parking, 9 loading bays, office

OVERVIEW

315 N Washington Avenue offers investors the opportunity to acquire a long-established industrial warehouse with a proven operating history. Constructed in 1993, the property has served as a distribution facility for over three decades and provides immediate rental income with future owner-user flexibility. Investment Highlights • Long-term occupancy since 1993 • Established distribution facility • Excellent highway visibility • Corner commercial location • Multiple overhead doors • Current lease through March 31, 2027 • Extension option through March 31, 2030 • Future owner-user potential • Hard-to-find small industrial investment Property Specifications Building 4,240 SF Land 13,450 SF Year Built 1993 9 Bays Office Area Parking Approx. 9,300 SF Asphalt + 1,032 SF Concrete Current Rent $2,205 / Month Annual Income $26,460 List Price $520,000 Price/SF $122.64 Lease Through 3/31/2027 + Option to 3/31/2030 Suitable for private investors, 1031 exchange buyers, and owner-users seeking a well-located industrial asset with in-place income and future occupancy flexibility.

FOR SALE DETAILS

PRICE

$520,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bimbo Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Food Processing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31

LAND SF

13,450

ZONING

General Commercial

APN/PARCEL ID

004060-000046-000

ASK ABOUT THIS PROPERTY

Shannon ThorntonJacobs PropertiesMore Info
936-597-3301

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Shannon ThorntonJacobs PropertiesMore Info
936-597-3301

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