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32685 Highway 281 N 9,960 SF 100% Leased Office Building Bulverde, TX 78163 $3,200,000 ($321.29/SF) 1.05% Cap Rate
Investment Highlights
- 44,000 VPD on Hwy 281
- 5 units offering versatile leasing options
- Prime location in the Far North Central area
- 9,960 SF building ideal for office space
- Zoned C-2 for diverse commercial usage
- High visibility and accessibility along US HWY 281 N
Executive Summary
For Sale or Lease - Discover an exceptional opportunity for office building investment at this prime property located at 2685 US HWY 281 N, Bulverde, TX, 78163. Boasting a spacious 9,960 SF building with 5 units, the property is ideally suited for the discerning investor seeking ample space for commercial endeavors. Zoned C-2 and situated in the sought-after Far North Central area, this offering presents considerable potential for growth and development. With a 30% occupancy rate, there is significant room for expansion and increased rental income, making this an attractive prospect for those looking to establish a strong presence in this thriving commercial district.
https://properties.expcommercial.com/1346001-lease
https://properties.expcommercial.com/1346001-sale
Highlights:
- Prime location in the Far North Central area
- 30% occupancy with substantial room for growth
- Ample parking for tenants and visitors
- Modern amenities and well-maintained infrastructure
- Proximity to prominent business and retail centers
https://properties.expcommercial.com/1346001-lease
https://properties.expcommercial.com/1346001-sale
Highlights:
- Prime location in the Far North Central area
- 30% occupancy with substantial room for growth
- Ample parking for tenants and visitors
- Modern amenities and well-maintained infrastructure
- Proximity to prominent business and retail centers
Property Facts Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
9,960 SF
Building Class
B
Year Built
2004
Price
$3,200,000
Price Per SF
$321.29
Cap Rate
1.05%
NOI
$33,735
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,960 SF
Building FAR
0.03
Lot Size
6.91 AC
Zoning
C2 - Commercial
Parking
50 Spaces (5.02 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 11-0160-0076-00 | Improvements Assessment | $1,018,430 |
| Land Assessment | $1,911,440 | Total Assessment | $2,929,870 |
Property Taxes
Parcel Number
11-0160-0076-00
Land Assessment
$1,911,440
Improvements Assessment
$1,018,430
Total Assessment
$2,929,870
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Contact the Sale Advisor
32685 Highway 281 N