2100 Old Airport RdGeorgetown, TX 78626
- Commercial real estate
- 1,844 SF
Property Details for 2100 Old Airport Rd
- Year built
- 2002
- Lot size
- 5.44 AC
- Property size (Sq ft)
- 1,844 SF
- Property type
- Commercial real estate
- APN
- R-20-0235-0000-0020
- APU
- R20023500000020
Description
This Georgetown, Texas industrial property, located at 2100 Old Airport Rd, 78626, presents a compelling redevelopment opportunity. The 1,600 square foot, single-story manufacturing building sits on a 5.5-acre lot with all utilities on-site. Currently 100% occupied under a Net Net (NN) lease with a single tenant (Suburban Propane) until August 31, 2025, offering a remaining lease term of approximately 0.8 years. The property is zoned for industrial use and features a ground lease expiring on the same date as the building lease. The asking price is $5,500,000, translating to a price per square foot of $3,437.50. This Class C property offers significant potential for investors seeking a redevelopment project in a prime Georgetown location with convenient IH-35 access. The lease commenced August 1, 2020, and there are no rent bumps or lease options. This is a single-tenant, ground-leased property with a strong existing tenant. The property's location in Williamson County, Texas, provides excellent access to major transportation routes. This is an exceptional opportunity to acquire a well-located industrial property with significant upside potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $460,259
- Hospitality
- $421,594
- Educational
- $350,762
- Medical
- $362,825
- Retail
- $545,629
Location Insight
- City
- Georgetown
- County
- Williamson
- State
- Texas
- Latitude
- 30.6636
- Longitude
- -97.6696
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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