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111 Salvage Way 2,400 SF Office Building Luling, TX 78648 $475,000 ($197.92/SF)



EXECUTIVE SUMMARY
The main value is in development potential, and this is a key piece for the developer on adjoining property, and they must have this piece before they can develop the 12 acres around this level pad. The Interstate Highway is about to expand the exits and bridge to accommodate anticipated growth and current traffic, which is growing rapidly due to the new truck stop on the opposite side and the new, largest Buc-ees in the world at the next exit. There is also a 1,000-acre golf course being put in less than a mile as the crow flies to the west, and the demand for more commercial space is already here.
The value is in the land, but the building is suitable for offices or an antique store, with the grounds ideal for development of a small office complex, too. Best timeline for develpment will be in the next year as the completion of upgrade to the highway signal the excalation of buildout here as this is the last exit with full utilities for 17 miles to the east, Seguin, with a tollway and weigh station in the middle, no other gas stations for 20 miles, and this is the highest spot on the side of the highway for view in miles.
The value is in the land, but the building is suitable for offices or an antique store, with the grounds ideal for development of a small office complex, too. Best timeline for develpment will be in the next year as the completion of upgrade to the highway signal the excalation of buildout here as this is the last exit with full utilities for 17 miles to the east, Seguin, with a tollway and weigh station in the middle, no other gas stations for 20 miles, and this is the highest spot on the side of the highway for view in miles.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,400 SF
Building Class
B
Year Built/Renovated
2004/2015
Price
$475,000
Price Per SF
$197.92
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
800 SF
Building FAR
0.03
Lot Size
1.65 AC
Zoning
commercial
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PROPERTY TAXES
| Parcel Number | 2G0022-0000-02620-0-00 | Improvements Assessment | $111,962 |
| Land Assessment | $106,224 | Total Assessment | $218,186 |
PROPERTY TAXES
Parcel Number
2G0022-0000-02620-0-00
Land Assessment
$106,224
Improvements Assessment
$111,962
Total Assessment
$218,186
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111 Salvage Way
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