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22831 Fritz Ln Multipurpose Property 22832 Fritz Ln

12,184 SF Light Industrial Building Spring, TX 77389 £1,795,723 (£147/SF)

Executive Summary

DID NOT FLOOD! New Price and New Owner Finance Option! Let this property work for YOU! This property truly offers amazing possibilities for a business or multi-family income. The home at the front is 1840 sq ft (3/2/2) and has it's own driveway with recently built privacy fence. The recently remodeled main house is 3390 sq ft with 3/2.5, 2 offices, a mudroom and 2 pantries. The primary bathroom is something to behold with about 20 linear ft of vanity space, glass surround shower and garden tub. The primary closet is even better with built-in drawers. The small home is 854 sq ft (1/1) and has a plumbed slab for an extension. The metal building is a newly built 2500 sq ft. It has 7 offices, 2 bathrooms, a kitchen, a conference room and a file room. The warehouse is approximately 3500 sq ft with 2-12 ft wide bay doors and a 9 ft wide bay door, a Tech area, a bathroom and a kitchenette with laundry hookups and about 3200 sq ft of warehouse space. This is a business and homes are tenant occupied with rental income. The newly built metal office building is almost complete. The electricity is not on, yet. Additional sprayers are being installed for the septic tank. There are 2 water wells and 1 septic tank. The recently poured concrete parking area can fit about 25 cars. Please make an appointment and do not disturb the tenants. During the month of May, Owner Finance Terms: 25% down, 9.5% interest rate amortized over 30 years with a 5 year balloon note. Call for showings ASAP

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £11,815 £0.97
Other Income - -
Vacancy Loss - -
Effective Gross Income £11,815 £0.97
Taxes £13,169 £1.08
Operating Expenses - -
Total Expenses £13,169 £1.08
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £11,815
Annual Per SF £0.97
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £11,815
Annual Per SF £0.97
Taxes
Annual £13,169
Annual Per SF £1.08
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £13,169
Annual Per SF £1.08
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £1,795,723
Price Per SF £147
Sale Type Investment
Property Type
Light Industrial
  • Office Office Residential
Building Class C
Lot Size 3.00 AC
Rentable Building Area 12,184 SF
Number of Floors 1
Year Built 1971
Tenancy Single
Parking Ratio 1.4/1,000 SF

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,500 SF
  • Industrial
  • Full Build-Out
  • 30 Days

2- 12 FT bay door

Space Size Space Use Condition Available
1st Floor 2,500 SF Industrial Full Build-Out 30 Days

1st Floor

Size
2,500 SF
Space Use
Industrial
Condition
Full Build-Out
Available
30 Days

1st Floor

Size 2,500 SF
Space Use Industrial
Condition Full Build-Out
Available 30 Days

2- 12 FT bay door

  • Listing ID: 31221953

  • Date on Market: 14/03/2024

  • Last Updated:

  • Address: 22832 Fritz Ln, Spring, TX 77389

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