4400 W State Highway 29 | Georgetown, TX 78628
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4400 W State Highway 29
Georgetown, TX 78628
Cantera Business Park · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 9%+ Cap Rate at Full Occupancy
- Plenty of Parking
- Tenants in place with leases
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
6,014 SF
Building Class
B
Year Built/Renovated
1971/2006
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,007 SF
Building FAR
0.07
Lot Size
1.97 AC
Zoning
ETJ
Parking
30 Spaces (4.99 Spaces per 1,000 SF Leased)
ABOUT 4400 W STATE HIGHWAY 29 , GEORGETOWN, TX 78628
VALUE ADD INCOME PRODUCING COMMERCIAL PROPERTY: Income Producing Commercial property 18 Suites. 5 Restrooms. 6014 sf. Built in 1971 Suites range in size from 62 sf-1500 sf. At full occupancy, income would be $10,450. Minus expenses, cap rate would be 9.04% cap rate based on a $1.1 mil Seller uses as an event venue sometimes (celebrations of life, wedding, corporate meeting, etc...)and charges $500-$1000 per event. West of 35 in Georgetown, TX on Highway 29. 30+ parking spots.
PROPERTY TAXES
| Parcel Number | R513791 | Improvements Assessment | $1,305,036 |
| Land Assessment | $254,865 | Total Assessment | $1,559,901 |
PROPERTY TAXES
Parcel Number
R513791
Land Assessment
$254,865
Improvements Assessment
$1,305,036
Total Assessment
$1,559,901
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