Retail Property For Sale - Wharton Village Shops

811 Alabama Rd, Wharton, TX, 77488

 
Arrow

Welcome to LoopNet! Check out the property below or search over 640,000 other properties.

You may enter a US or Canadian location in the following formats:

  • Zip Code
  • City, State
  • State

For additional search options, go to Advanced Search.

Submit your search for Commercial Real Estate

e.g. Los Angeles, CA or 91016


Wharton Village Shops

 

811 Alabama Rd

Wharton, Texas 77488
County: Wharton
 
   Photos
 Previous Image 1 of 7 Next 
 
 
  For Sale Active  
Property Use Type:Investment
Type:Retail
Retail (Other)
Building Size:1,985 SF
Lot Size:26,540 SF
Occupancy:75.00%
Price:$159,500
Price/SF:$80.35
Year Built:1950
Date Last Verified:11/17/2008
Property ID:15249006
 
  Options
View the location of this property Map
Access demographics for this location Demographics
Print a summary of this listing Print Summary
Print a summary, maps, demographics and photos Print ALL
 Additional Information 

Property Description:
The property consists of five (5) wood frame structures remodeled for retail use. Establishments have included a tea room, tanning salon, gift shop, and residence. The ambiance is that of "old town". The site is a full city block (0.6 acre) with street frontage on all four sides. High traffic count on one of Wharton's major commercial streets. Currently a residential/commercial mix. Site improvements on the property a Gazebo and wood split-rail ranch fencing.

The building's addresses and sizes are:

811 Alabama Rd - 826 s.f.
815 Alabama Rd - 836 s.f. - 153 s.f.
816 Alabama Rd - 436 s.f. - 180 s.f.

TOTAL RENTABLE AREA - 1,985 s.f.

RENT INCOME:
-- Nursery -$600/mo
-- Tanning Retreat - $500/mo
-- Residence - $450/mo (vacant)
-- Small bldg - $150/mo

Tenants pay their own utilities. Owner pays $100 ground care to Nursery.

Location Description:
The property is located at the corner of Alabama Road and Santa Fe Street (primary corner) in the city of Wharton, Texas with physical address 811-815-816 Alabama Road.

No. Stories:1Commission Split:3%
Property Types:Retail (Other)
Street Retail
Cross Streets:Alabama Rd, Santa Fe St, Texas St, Avenue A
TaxIDs/APNs:R23139, R23140, R23141
 Highlights 
Old Town AmbianceVillage Shops
 
Commercial Street TrafficStreet access on all four sides
  Financial Summary Proforma  
Year:2007
Scheduled Gross Income:$20,400
  Vacancy (10%):$2,040
Effective Gross Income:$18,360
  Maintenance:$1,200
  Taxes:$2,546
  Insurance:$2,500
Total Expenses:$6,246
Net Operating Income:$12,114
 
  Major Tenant Information
Tenancy Type: Multiple
 
 
  Debt & Equity Information
No Debt & Equity Information Provided
7/20/2007
Link directly to this listing or embed it on your website! More Details Link Embed




The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

Cityfeet.com – Commercial Real Estate Network BizBuySell LandAndFarm.com LoopNet Partners