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Browse More Listings in Retail For Sale, Wharton, TX or Texas

Retail Property For Sale

Wharton Village Shops

811 Alabama Rd, Wharton, TX 77488

Price:
$159,500
Building Size:
1,985 SF
Price/SF:
$80.35
Property Type:
Retail
Property Sub-type:
Retail (Other)
Additional Sub-types:
Street Retail
Property Use Type:
Investment
Commission Split:
3%
Occupancy:
75%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1950
Lot Size:
26,540 SF
Tax ID / APN #:
R23139, R23140, R23141
Find Out More...

Last Verified 11/6/2009 Listing ID 15249006

Highlights

Old Town Ambiance
Village Shops
Commercial Street Traffic

Street access on all four sides

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.

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.

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

Map of 811 Alabama Rd, Wharton, TX 77488 (Wharton County)

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Presented by

Hudgins-Groover

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Contact Listing Broker

Richard Hudgins (979) 532-0007

Linda Baca (979) 532-0007

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Created 7/20/2007

Additional Information for 811 N Alabama Road, Wharton, TX 77488

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 811 Alabama Rd, Wharton, TX 77488

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Free Standing Bldg
Sold 1Q 2008

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.

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Retail Property For Sale - Wharton Village Shops

811 Alabama Rd, Wharton, TX, 77488