3250 Main StUvalde, TX 78801
- Other commercial real estate
- 24,320 SF
Property Details for 3250 Main St
- Year built
- 2005
- Lot size
- 2.72 AC
- Property size (Sq ft)
- 24,320 SF
- Property type
- Other commercial real estate
- APN
- 102169
- APU
- 102169
Description
This exceptional investment opportunity presents a 24,160-square-foot multi-tenant retail center in Uvalde, Texas, boasting 100% occupancy. Strategically located on East Main Street (US 90), a major thoroughfare with 23,586 vehicles daily, this property benefits from high visibility and strong traffic counts. The center is shadow-anchored by a Walmart Supercenter and features a diverse mix of seven national, regional, and local tenants, including Cricket Wireless, Deluxe Nails & Spa, Great Clips, Shoe Dept., Sally Beauty Supply, CATO, and Beltone Hearing Aids. Built in 2005, the property sits on 2.72 acres and includes a double-sided pylon sign. 80% of the gross leasable area operates under triple-net leases, offering significant upside potential. The property's prime location is complemented by its proximity to numerous national retailers, including AT&T, Applebee's, H-E-B, and more, as well as several hotels and Uvalde Memorial Hospital, a recently expanded county hospital serving five counties. The asking price is $4,329,113, representing a price per square foot of $179.19 and an 8.00% cap rate, with a current NOI of $346,329. This well-positioned shopping center offers a compelling investment opportunity with strong cash flow and growth potential. The property consists of nine units and features a total of 24,160 net rentable square feet.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $5,174,328
- Hospitality
- $4,739,656
- Educational
- $3,943,338
- Medical
- $4,078,956
- Retail
- $6,134,082
Location Insight
- City
- Uvalde
- County
- Uvalde
- State
- Texas
- Latitude
- 29.2354
- Longitude
- -99.7519
- CBSA code
- 46620
- CBSA name
- UVALDE, TX MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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