For Sale
$1,450,000

3916 Us Highway 287 Henrietta, TX 76365

10 Acres, Retail Building, Investment Potential

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 10.32-acre property in Henrietta, TX, offers significant investment potential. Located on US Highway 287 N, it boasts a prominent 17,375 square foot, single-story retail building currently at 100% occupancy, built in 2001. The building sits on approximately 8 acres, with an additional 2 acres available for development. The property features 18 parking spaces per 1,000 square feet and substantial air rights (354,404 sq ft). The asking price is $1,450,000, translating to $83.45 per square foot. The property is zoned for County outside ETJ use. The current tenant, Laguna Madre Traders, is open to a lease-back arrangement, allowing for a smooth transition. This unique offering combines existing income with substantial development opportunities, making it ideal for owner-occupancy or investment. The elevated location provides stunning views of the surrounding countryside. A three-month vacancy period is requested for the current tenant. The APN is 004020030700910000000. High traffic counts (over 24,000) on Highway 287 further enhance the property's value. This is a rare opportunity to acquire a prime commercial property with significant upside potential.

Highlights

  • 10.32-acre property in Henrietta, TX, on US Highway 287 N.
  • 17,375 SF single-story retail building, 100% occupied, built in 2001.
  • 8 acres occupied, plus 2 acres available for development.
  • $1,450,000 asking price ($83.45/SF).
  • High traffic counts (over 24,000 vehicles daily) on Highway 287.

Property Details for 3916 Us Highway 287

Property type
Land
Square Feet
17,375 SF
Class
B
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
449,539 SF

Location Insight

City
Henrietta
County
Clay
State
Texas
Latitude
33.827838317048
Longitude
-98.245190386109

FAQs

What type of property is this?
Land - 10 Acres, Retail Building, Investment Potential
Where is the land located?
The property is located at 3916 Us Highway 287 Henrietta, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 10.32-acre property in Henrietta, TX, on US Highway 287 N.; 17,375 SF single-story retail building, 100% occupied, built in 2001.; 8 acres occupied, plus 2 acres available for development.
How can I contact the broker?
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3916 Us Highway 287
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