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4003 N Main St
Victoria, TX 77901
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Frontage On North Main Street
- Can Be Divided | Roof Renovation In 2019
- Value Add | Below Replacement Costs
EXECUTIVE SUMMARY
The offering consists of a vacant 23,500 square foot retail/office building in Victoria, TX. The asset is situated on 1.6 acres and fronts on North Main Street. The building can be filled with either one tenant or divided into multiple spaces. It currently shares the same parking lot as Pinto Bean Tex-Mex. This is a great value add opportunity for investors seeking to fully lease up a building below replacement costs.
Located along the Gulf Coast of Texas, Victoria has been ranked the third best preforming small city based on job, wage, and high-tech GDP growth according to The Milken Institute. The construction of new docks and rail expansion stemming from the Port of Victoria has created a $10 billion impact. Major employers that have contributed to growth in the region due to the manufacturing of petrochemicals include: Formosa Plastics Group, the Interplast Group, Invista, Alcoa, Dow, and Caterpillar.
Located along the Gulf Coast of Texas, Victoria has been ranked the third best preforming small city based on job, wage, and high-tech GDP growth according to The Milken Institute. The construction of new docks and rail expansion stemming from the Port of Victoria has created a $10 billion impact. Major employers that have contributed to growth in the region due to the manufacturing of petrochemicals include: Formosa Plastics Group, the Interplast Group, Invista, Alcoa, Dow, and Caterpillar.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
23,500 SF
Building Class
C
Year Built/Renovated
2008/2019
Price
$2,100,000
Price Per SF
$89.36
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
1.60 AC
Zoning
Commercial
Parking
32 Spaces (1.36 Spaces per 1,000 SF Leased)
Frontage
491’ on N Main Street
PROPERTY TAXES
| Parcel Number | 44820R1-001-001R0 | Improvements Assessment | $1,158,010 |
| Land Assessment | $206,670 | Total Assessment | $1,364,680 |
PROPERTY TAXES
Parcel Number
44820R1-001-001R0
Land Assessment
$206,670
Improvements Assessment
$1,158,010
Total Assessment
$1,364,680
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