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$749,000

NAL Estimated Property Value

1703 N Hwy 181 Bypass Rd, Beeville, 78102

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths15,235 Sq Ft
price_per_sqft$49.16 / sqft
Year BuiltBuilt in 1975

About this property

Excellent commercial property/business complex ideal for retail business, medical offices, or offices and is situated on approximately 4.38 acres. (will need to be surveyed to determine exactly) There is approximately 330 feet of road frontage (Hwy. 181N) in a high traffic area. U.S. Hwy 59 is approximately 1.5 miles south of the property. NOTICE!!! The seller is willing to divide this property into two shopping strips, w each having about 6000 sq ft.- 6 units w approximately 2 acres- $599,000 per side. All of the strip is priced at $895,000. The individual units can be configured into various sizes, according to what the tenant requires. The roof over the entire shopping strip was replaced in July 2022. Most of the spaces are in various stages of completion which will be determined by the tenant. The shopping strip is located near several successful businesses: Blue Ribbon Store, located next to this property, Aztec Chevrolet dealership, is across the highway from this shopping strip, a large apartment complex is nearby & a dialysis is nearby. The parking lot is large and extends to the frontage road. Currently the tenants include an electric gate sales office which includes a yard for gate display & a hospice office. More details: Wood frame construction, brick veneer, front metal support beams front to back spaced every 30 feet & cross bar joists every 5 feet, ends of building & back walls are of cinder block. A survey will be needed to determine the exact amount of acreage to be conveyed. Please call for a complete tour of this property. On the north end of the property, there is a large building, approximately 8250 ft, which is for sale separately. Also, there is a vacant lot of 1.09 acres, which is for sale separately. Call for more info.; Original MLS#: 112554; Features: Porch-Wrap; Land Dimensions: 5.9 acres; Occupancy: Tenant; Possession: Close Of Escrow; Road Surface: Asphalt; Showing: Appointment Needed; Total Taxes: 16868.00; Underground Tanks: No; Water: Public; Water District: Yes; Water Heater: Other; Windows: Aluminum

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$749,000
Estimated Property Value
$0Estimated Mortgage Balance
$749,000Estimated Equity
100% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,494 /month
Positive
Cash Flow Estimate:
$1,498 /month

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Financing Details

Estimated Taxes & Insurance
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Interest Rate Assumption
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No HOA
5.947%

City: Beeville

1703 N Hwy 181 Bypass Rd | Property Details | No Agent List