For Sale
$649,000

1509 16Th StOrange, TX 77630

High-traffic retail center, 5,556 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a rare find: a multi-tenant storefront retail center ideally situated in Orange, Texas, at 1509 N 16th St, 77630. Boasting a total of 5,556 square feet across six units, this single-story building sits on a 0.45-acre lot and offers ample parking with 23 spaces. Currently housing four tenants under a gross lease, the property presents a strong cash flow potential with an asking price of $649,000, translating to $134.90 per square foot. The property's strategic location on a corner lot directly across from a Kroger grocery store ensures high visibility and significant foot traffic. Its C-S zoning designation further enhances its versatility and potential for a variety of commercial uses. The property features a total of 23 parking spaces for tenants and customers. Detailed financial information, including current rental income, is available upon request. This is a unique chance to acquire a well-positioned, income-generating retail property in a thriving Texas market. The property's APN is R51137.

Highlights

  • $649,000 asking price for a multi-tenant storefront.
  • 5,556 square feet on a 0.45-acre lot in Orange, TX.
  • Four tenants in a gross lease structure.
  • 23 parking spaces and C-S zoning.
  • $134.90 per square foot.

Property Details for 1509 16Th St

Property type
Retail properties, Industrial properties
Square Feet
5,556 SF
Stories
1
Lot Size (sq. ft)
19,602 SF
Units
6

Location Insight

City
Orange
County
Orange
State
Texas
Latitude
30.105164
Longitude
-93.7476471
1509 16Th St, Orange, Texas

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1509 16Th St
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