Value Add Strip Center - 1 mile E. of I-27

Retail-Commercial for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30645513
Property Subtypes: Street Retail
Status: Pending
Building Size (RSF): 10,944 SF
Gross Building Area: See Agent
Sale Price: $399,000
Unit Price: $36.46 PSF
Property Use Type: Investment
Building Name: Name it what you'd like!
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/10/2021

Overview / Comments

Great neighborhood strip center in a highly visible location in central Plainview between I-27 and downtown! This 6-suite property is locally owned and managed. Current tenants include World Finance and Pak Mail on either end of the center offering opportunity for an owner/user to be the centerpiece of the property or purely a value add investor's delight!

Additional Details

Nearest MSA: Plainview
County: Hale
Retail Clientele: General
Property Located Between: I-27 & downtown Plainview
Property Visibility: Good
Area Description: Central Plainview
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Parking Description: Ample parking at the center with front door accessibility along with a row of parking facing W. 5th. Employee parking available directly behind center.
Sprinklers: None
Heat Source: Central
Air Conditioning: Package Unit, Window Unit
Interior Description: 2313 #B and #2315 are set up as office. #2313 has plumbing for a hair salon. #2311 has a flexible set up that could be retail or office. A small warehouse area for the owner is set up behind #2317.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COLLEGE HILL PLV BLK 66 LOTS 1-3 COLLEGE HILL PLV BLK 66 N. PART of LOT 11 - 402 Wayland (parking in back)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,818 24,270 25,645
Median Age: 29.23 31.28 31.69
Households: 2,277 8,244 8,728


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