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2492 Martin Luther King Jr Dr

10,190 SF 100% Leased Retail Building Orange, TX 77630 £961,800 (£94/SF) 8% Net Initial Yield

Investment Highlights

  • Heavy Traffic
  • Covered Tenant Parking in Rear
  • Stable Tenant Mix
  • Great Frontage & Curb Appeal
  • Excellent Stable Tenant Mix
  • Adjacent to West Orange-Stark Elementary

Executive Summary

1. New Roof, electrical &. Interior after Hurricane Laura in 2020.
2. Flood Zone C (outside of the 100 year flood plain). Community Panel 480513-0005B

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,190 SF
Building Class
B
Year Built/Renovated
1985/2020
Price
£961,800
Price Per SF
£94
Net Initial Yield
8%
NOI
£76,944
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.25
Lot Size
0.92 AC
Zoning
None - No zoning in the City of Pinehurst, Texas
Parking
45 Spaces (4.42 Spaces per 1,000 SF Leased)
Frontage
200 ft on Martin Luther King Jr.

Amenities

  • Pylon Sign

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Allstate
  • Finance and Insurance
  • 2,000 SF
  • -
  • TBD
  • -
  • Ballard Chiropractic
  • Health Care and Social Assistance
  • 800 SF
  • -
  • -
  • -
  • Golden Triangle Nutrition
  • Retailer
  • 1,000 SF
  • -
  • -
  • -
  • Guard & Defend
  • Retailer
  • 1,950 SF
  • -
  • -
  • -
  • Nail Spa & Salon
  • Service type
  • 2,000 SF
  • -
  • -
  • -
  • SAXX Hair Studio
  • Service type
  • 1,450 SF
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Allstate Finance and Insurance 2,000 SF - TBD -
Ballard Chiropractic Health Care and Social Assistance 800 SF - - -
Golden Triangle Nutrition Retailer 1,000 SF - - -
Guard & Defend Retailer 1,950 SF - - -
Nail Spa & Salon Service type 2,000 SF - - -
SAXX Hair Studio Service type 1,450 SF - - -
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2492 Martin Luther King Jr Dr, Orange, TX - aerial map view

PROPERTY TAXES

Parcel Number 000021-006351 Improvements Assessment £159,132
Land Assessment £92,489 Total Assessment £251,621

PROPERTY TAXES

Parcel Number
000021-006351
Land Assessment
£92,489
Improvements Assessment
£159,132
Total Assessment
£251,621
(409) 239-1207

Contact

  • Listing ID: 33953199

  • Date on Market: 21/11/2024

  • Last Updated:

  • Address: 2492 Martin Luther King Jr Dr, Orange, TX 77630

The Retail Property at 2492 Martin Luther King Jr Dr, Orange, TX 77630 is currently available for sale. Contact Keller Williams for more information.

Nearby Listings

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2492 Martin Luther King Jr Dr, Orange, TX for sale Building Photo- Image 1 of 6
Front of Strip Mall
2492 Martin Luther King Jr Dr, Orange, TX for sale Building Photo- Image 2 of 6
West Point Plaza Floor Plan
2492 Martin Luther King Jr Dr, Orange, TX for sale Other- Image 3 of 6
Poly Sign
2492 Martin Luther King Jr Dr, Orange, TX for sale Aerial- Image 4 of 6
Site Location
2492 Martin Luther King Jr Dr, Orange, TX for sale Site Plan- Image 5 of 6
West Point Plaza Tenant & Space Plan

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© 2025 CoStar Group

2492 Martin Luther King Jr Dr
(409) 239-1207 x

2492 Martin Luther King Jr Dr

John Wilson

(409) 239-1207

(409) 239-1207

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