Parsons St FOR SALE


Manor, TX - Northeast Austin
$2,490,000 USD
512-909-9968
, Manor, TX for Sale
$2,490,000 USD
FOR SALE
1/13
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HIGHLIGHTS

  • Packaged Deal: Retail/Restaurant/Bar Buildings + Land Parcel
  • High Growth Corridor
  • Fully Leased
  • Owner Financing Available

OVERVIEW

Rare Packaged Investment in Manor, TX Building + Land with Owner Financing Available This sale includes a fully leased retail/commercial building and the adjacent land parcel, sold together as one investment package. -100 % occupancy with long-term tenants -Additional Land included in the sale (ideal for future development or value-add) -Located in a high-growth area with strong traffic counts INVESTMENT OPPORTUNITY – DOWNTOWN MANOR, TEXAS Sale Price: $2,500,000 Property Address: 116 E. Parsons St. 118 E. Parsons St. Historic Downtown Manor, Texas 78653 Property Highlights • Three income-producing commercial buildings • Two additional lots located directly behind the buildings included in the sale • Seller financing available through a Wrap-Around Mortgage • Existing tenants in place providing immediate income • No prepayment penalties Current Tenants Available Suite - Open to rent out to a potential client. Restaurant La Marea (approximately 2 years remaining on lease) 4070SF Sugar Baby’s Bar (approximately 2.5 years remaining on lease) 3380SF Seller Financing Options Option 1 • Down Payment: $500,000 (20%) • Loan Amount: $2,000,000 • Interest Rate: 7.0% • Amortization: 30 Years • Principal & Interest Payment: $13,306/month • Estimated Taxes: $1,838/month • Estimated Insurance: $500/month • Estimated Total Monthly Payment: $15,644 Option 2 • Down Payment: $375,000 (15%) • Loan Amount: $2,125,000 • Interest Rate: 7.5% • Amortization: 30 Years • Principal & Interest Payment: $14,858/month • Estimated Taxes: $1,838/month • Estimated Insurance: $500/month • Estimated Total Monthly Payment: $17,196 Option 3 • Down Payment: $250,000 (10%) • Loan Amount: $2,250,000 • Interest Rate: 8.0% • Amortization: 30 Years • Principal & Interest Payment: $16,510/month • Estimated Taxes: $1,838/month • Estimated Insurance: $500/month • Estimated Total Monthly Payment: $18,848 Additional Land Included- Depending on zoning and city approvals, the additional lots could potentially generate revenue through: Additional leased parking spaces Outdoor event space Food truck leasing opportunities Outdoor bar or patio expansion Additional Information Amortization schedules are available upon request. The buyer may pay off the loan at any time without prepayment penalties.

ASK ABOUT THIS PROPERTY

Julio OlveraJulio Olvera, BrokerMore Info
512-909-9968

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Julio OlveraJulio Olvera, BrokerMore Info
512-909-9968

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