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Investment Highlights
- 2,828-square-foot office building with multiple tenant suites and income in place.
- Features three bathrooms, central HVAC, and utilities included for operational ease.
- Positioned near retail, dining, and residential areas, supporting consistent demand.
- Recent roof replacement in 2022 reduces near-term capital expenditure.
- Located on E Airline Road with strong visibility and convenient access to major routes.
Executive Summary
Excellent opportunity to own this commercial property in a high-visibility Victoria location. This well-maintained building's roof was replaced in 2022. The property features three bathrooms, a single electric meter, and utilities and trash included for streamlined operations. Multiple tenants occupy the building, providing diversified rental income: Suite 1 - 1,917 sq. ft., 2 HVAC units, 3 private offices, a bullpen area, and a file room. Suite 2 - 702 sq. ft., 1 HVAC unit, 2 offices, 2 small storage rooms, currently leased at $900/month. Suite 3 - 209 sq. ft., 1 HVAC unit, 1 large office. Currently leased at $400/month. The building offers a total of 2,828 sq. ft. of rentable space. With established tenants in place, this investment provides immediate cash flow and strong long-term potential. Conveniently located with excellent accessibility, this property is well-positioned for continued tenant demand and portfolio growth.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,828 SF
Building Class
B
Year Built
1975
Price
$374,900
Price Per SF
$132.57
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,828 SF
Building FAR
0.08
Lot Size
0.80 AC
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 55500-008-01900 | Improvements Assessment | $278,330 |
| Land Assessment | $21,670 | Total Assessment | $300,000 |
Property Taxes
Parcel Number
55500-008-01900
Land Assessment
$21,670
Improvements Assessment
$278,330
Total Assessment
$300,000
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1001 E Airline Rd
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