For Sale
$998,000

11261 Tx-12Orange, TX 77632

14,000 SF Mixed-Use Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property, located at 11261 Hwy 12 in Orange, Texas, presents a compelling value-add investment opportunity. The 14,000 square foot building sits on a 1.5-acre lot and boasts a strong 7.08% cap rate, generating a net operating income (NOI) of $70,620. The property comprises six units within a single, two-story Class B building, offering a diverse range of rental income streams. Its storefront configuration and strip center layout cater to a variety of retail and office tenants. The strategic location near the intersection of Hwy 12 and Hwy 62 ensures high visibility and ample traffic, maximizing tenant exposure and potential. The property features a convenient sign pole and offers easy access for both customers and tenants. Priced at $998,000, this represents a compelling price per square foot of $78.57. This multi-tenant property is currently for sale by owner and presents a rare opportunity to acquire a well-positioned, income-producing asset in a thriving Texas market. The property's zoning is not specified.

Highlights

  • Exceptional mixed-use property in Orange, TX, offering a 7.08% cap rate and $70,620 NOI.
  • 14,000 SF building on a 1.5-acre lot, priced at $998,000 ($78.57/SF).
  • Six units in a two-story Class B building with a mix of retail and office tenants.
  • High-visibility location at Hwy 12 & Hwy 62 intersection, offering excellent tenant exposure.
  • Currently owner-occupied and for sale.

Property Details for 11261 Tx-12

Property type
Neighborhood centers, Retail properties
Square Feet
14,000 SF
Class
B
Buildings
1
Stories
2
Lot Size (sq. ft)
65,340 SF
Units
6

Location Insight

City
Orange
County
Orange
State
Texas
Latitude
30.208088530792
Longitude
-93.873336829008
11261 Tx-12, Orange, Texas

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11261 Tx-12
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