2521 7Th StBay City, TX 77414

  • Commercial real estate
  • 9,000 SF
For Sale
$875,000 View listing

Property Details for 2521 7Th St

Year built
1985
Lot size
0.32 AC
Property size (Sq ft)
9,000 SF
Property type
Commercial real estate
APN
46901
APU
46901

Description

This 9,000 square foot, fully occupied shopping center in Bay City, Texas, presents a compelling investment opportunity. Located at 2521 7th St, this Class B property boasts four tenants: TruMed Pharmacy, True Goddess Spa, Insurance Aseguranza, and Metro PCS. The center enjoys 100% occupancy as of August 24, 2023, with a gross lease structure and franchisee tenants. Built in 1985 on a 14,000 square foot lot, the single-story building benefits from a prime location across the street from HEB and Lil Caesars, ensuring high traffic and visibility. The asking price is $875,000, translating to $97.22 per square foot. The property features a permitted zoning of 3 and offers potential for rent increases. Financial information is available upon request. This is a 100% ownership opportunity with no ground lease. The property's APN is 46901. This is a multi-tenant retail investment property in Matagorda County, Texas, with excellent potential for future growth.

Location Insight

City
Bay City
County
Matagorda
State
Texas
Latitude
28.9836
Longitude
-95.9596
CBSA code
13060
CBSA name
BAY CITY, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
-
$74,620
$582,400
$657,020
-
$74,620
$582,400
$657,020

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