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2411 N US Highway 281 5,687 SF Retail Building Marble Falls, TX 78654 $1,450,000 ($254.97/SF) 8.90% Cap Rate
INVESTMENT HIGHLIGHTS
- 5,687 SF retail property investment
- Strong in-place cash flow
- Flexible future uses
- Below-market rents
- Ample parking
- Excellent visibility along U.S. 281
EXECUTIVE SUMMARY
2411 N U.S. Hwy 281 is a 5,687 SF Restaurant in the Central Texas Area submarket of Marble Falls. The property features full occupancy with an established restaurant tenant and below-market rents. With strong in-place cash flow and excellent visibility along US Hwy 281, this project offers buyers tremendous upside over the life of their investment.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,687 SF
Building Class
B
Year Built
2014
Price
$1,450,000
Price Per SF
$254.97
Cap Rate
8.90%
NOI
$129,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.71 AC
Zoning
GC - The General Commercial District is primarily intended for nonresidential development along the City's major thoroughfares.
Parking
32 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
100’ on U.S. Highway 281
AMENITIES
- Banking
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19534 | Improvements Assessment | $856,893 |
| Land Assessment | $736,250 | Total Assessment | $1,593,143 |
PROPERTY TAXES
Parcel Number
19534
Land Assessment
$736,250
Improvements Assessment
$856,893
Total Assessment
$1,593,143
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2411 N US Highway 281
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