For Sale
$950,000

11019 Us-290Manor, TX 78653

High-traffic location, month-to-month lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
This single-tenant industrial flex property, located at 11019 US-290 in Manor, Texas (zip code 78653), presents a unique investment opportunity. The 1,100 square foot building sits on a 0.25-acre lot and boasts 2,786 square feet of net rentable space. Currently operating as a tire shop, the tenant is on a month-to-month lease, offering flexibility for future plans. The property features C-1 zoning and is conveniently located just 2.3 miles from the 130 tollway, benefiting from high daily traffic counts (nearly 57,000 vehicles). Built in 1972, the building is a single-story structure. Previous environmental remediation has been completed, including the removal of buried fuel tanks. The asking price is $950,000, representing a 0.21% cap rate and a price per square foot of $863.64. The property's strong location offers proximity to major transportation arteries, Austin-Bergstrom International Airport, Austin Executive Airport, Tesla, Samsung's new factory, Circuit of the Americas, and other significant landmarks. The property is not located in a flood zone. The Net Operating Income (NOI) is $2,000. This presents a compelling opportunity for investors seeking a property with high visibility and growth potential in a rapidly developing area.

Highlights

  • 1,100 SF building on a 0.25-acre lot with 2,786 SF of net rentable space.
  • Month-to-month tenancy in a single-tenant industrial flex building located at 11019 US-290, Manor, TX 78653.
  • C-1 zoning, 2.3 miles from the 130 tollway, near major transportation arteries, Austin-Bergstrom International Airport, and Tesla.
  • $950,000 asking price, 0.21% cap rate, $863.64/SF, $2,000 NOI.
  • Previously remediated (fuel tanks removed), not in a flood zone.

Property Details for 11019 Us-290

Property type
Industrial properties, Flex space
Square Feet
1,100 SF
Year Built
1972
Stories
1
Lot Size (sq. ft)
10,890 SF
Units
1

Location Insight

City
Manor
County
Travis
State
Texas
Latitude
30.348708106613
Longitude
-97.557751011206
11019 Us-290, Manor, Texas

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11019 Us-290
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