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Investment Highlights

  • Heavy Traffic Area
  • Commercial Redevelopment Property
  • Income Producing Property

Executive Summary

2401 16th Street is an in place Tenant - My Eye Dr.
2403 16th Street - the house has been removed and the lot is ready for redevelopment
2405 1th Street is an in place concrete parking lot ready to be utilized - Has had food trailer in place with utilities ready.

Property Facts

Price $350,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Mixed Use
  • Apartment Units
  • Parking Lot
Total Lot Size 0.50 AC
Opportunity Zone Yes
Zoning Commercial - *Zoning should be confirmed with the City of Orange

1 Lot Available

Lot 14, 15, 16

Price $350,000
Price Per AC $700,000.00
Lot Size 0.50 AC

Belmont Park, Block 4 Lots 14, 15, 16, Acres 0.50

Description

Multi-building investment opportunity located on highly traveled N. 16th Street in Orange, Texas. This offering includes three parcels at 2401, 2403, and 2405 N. 16th Street with an established office/retail building, newly constructed parking field, and cleared lot ready for future development or expansion. The primary building at 2401 N. 16th Street consists of approximately 2,170 SF and was remodeled in 2016, offering an updated interior with strong curb appeal. The property is positioned in a heavy traffic corridor with excellent visibility and access. 2403 N. 16th Street has been cleared and is ready for new construction, additional parking, or expansion opportunities. 2405 N. 16th Street features a new concrete parking field completed in 2021 with connectivity between N. 16th Street and W. Lutcher Drive, providing convenient ingress and egress. This property offers flexibility for investors, owner-users, medical office, retail, or redevelopment potential. Financials available upon request. Property Highlights: Offering Price: $350,000 Multi-parcel investment opportunity Approx. 2,170 SF remodeled building Remodeled in 2016 Cleared lot ready for development New concrete parking field completed in 2021 High traffic and visibility location Access from both N. 16th Street and W. Lutcher Drive Expansion and redevelopment potential

Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 000995-000300
  • 000995-000310
  • 000995-000290
Land Assessment
$85,140
Improvements Assessment
$140,099
Total Assessment
$225,239
  • Listing ID: 29095880

  • Date on Market: 7/25/2023

  • Last Updated:

  • Address: 2401 N 16th St, Orange, TX 77630

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