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102 Fletcher Dr 5,956 SF 100% Leased Retail Building Del Rio, TX 78840 $649,900 ($109.12/SF) 8.34% Cap Rate
Investment Highlights
- 100% Occupied
- Prime Location
Executive Summary
Excellent investment opportunity at 102-104 Fletcher Dr.! This well-maintained shopping center features 7 rental units, all currently occupied, generating a steady monthly income of $5,475. Conveniently located just over 1 mile from bustling Veterans Blvd and off Cantu Rd, the property offers excellent accessibility and visibility while being surrounded by established businesses, retail, and commercial activity.
One of the rear units offers exceptional versatility and can easily function as a 2-bedroom, 1-bath apartment, office space, or a combination of both, providing additional flexibility for future use. The property has been well cared for and is in great condition, making it a turnkey opportunity for investors seeking immediate cash flow and long-term potential.
Whether you are looking to expand your investment portfolio or secure a stable income-producing property in a growing commercial area, this fully occupied shopping center is one you won't want to miss.
Owner is a licensed Texas real estate broker.
One of the rear units offers exceptional versatility and can easily function as a 2-bedroom, 1-bath apartment, office space, or a combination of both, providing additional flexibility for future use. The property has been well cared for and is in great condition, making it a turnkey opportunity for investors seeking immediate cash flow and long-term potential.
Whether you are looking to expand your investment portfolio or secure a stable income-producing property in a growing commercial area, this fully occupied shopping center is one you won't want to miss.
Owner is a licensed Texas real estate broker.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,956 SF
Building Class
C
Year Built
1979
Price
$649,900
Price Per SF
$109.12
Cap Rate
8.34%
NOI
$54,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.34 AC
Parking
16 Spaces (2.69 Spaces per 1,000 SF Leased)
Frontage
118’ on Fletcher Dr
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20995 | Improvements Assessment | $324,828 |
| Land Assessment | $35,250 | Total Assessment | $360,078 |
Property Taxes
Parcel Number
20995
Land Assessment
$35,250
Improvements Assessment
$324,828
Total Assessment
$360,078
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Presented by
B. Ozuna Real Estate
102 Fletcher Dr
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