FORMER CRAWFORD PHARMACY | 407 E Orange Ave
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FORMER CRAWFORD PHARMACY 407 E Orange Ave
3,000 SF Retail Building Orange Grove, TX 78372 £273,858 (£91/SF) 11.05% Net Initial Yield
Investment Highlights
- Redevelopment Opportunity – The building occupies ±3,000 Square Feet and sits on ±1.16 acres. The estimated market rent is $16-$20/SF, per CoStar
- Future Development Plans – Orange Grove Solar Project by Enbridge Inc. This project is set to generate 130 megawatts (MW) of clean energy
- Income Tax-Free State – Subject property is located in the state of Texas, one of nine states that offers no state income tax.
- Proximity to Schools – Nearby schools include Orange Grove High School (558 students), Orange Grove Junior High (400 students)
- Ideal Investment – Offering price per square foot is $117/SF. The rent per square foot is $12.90/SF, while the market average is $18/SF
Executive Summary
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Kevin Puder and Chad Kurz (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Kevin Puder and Chad Kurz (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
3,000 SF
Building Class
C
Year Built
2000
Price
£273,858
Price Per SF
£91
Net Initial Yield
11.05%
NOI
£30,261
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.16 AC
PROPERTY TAXES
| Parcel Number | 12060-003-000-00 | Improvements Assessment | £77,544 |
| Land Assessment | £30,768 | Total Assessment | £108,312 |
PROPERTY TAXES
Parcel Number
12060-003-000-00
Land Assessment
£30,768
Improvements Assessment
£77,544
Total Assessment
£108,312
Contacts
-
Jesus Melo -
Preston Schwartz -
Kevin Puder -
Chad Kurz -
Matthews Real Estate Investment Services
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FORMER CRAWFORD PHARMACY | 407 E Orange Ave
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