101 Paint Rock Rd San Angelo, TX 76903

This exceptional value-add opportunity presents a 14,500 square foot, multi-tenant shopping center in San Angelo, Texas. Located at the signalized intersection of Christoval Road and Paint Rock Road, the property boasts a strong 9.97% cap rate and a substantial net operating income (NOI) of $112,000. Built in 1959 and extensively renovated in 2023, the single-story building features eight units with 75% occupancy. Improvements include a renovated parking lot (50 spaces), fresh paint, a modernized facade, and new LED lighting. The property sits on a 0.797-acre lot and is zoned for general commercial use. The asking price is $1,123,000, translating to $77.45 per square foot. Several leases are currently below market rates, presenting a significant opportunity for increased profitability. The seller is willing to lease back any vacant space at closing for one year, ensuring a 10% cap rate based on actual figures. This is a prime investment for those seeking a strong return in a thriving Texas market. The property's APN is 13-24900-0011-012-00. The lease type is NNN.