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- LoopNet Team
404-408 N Alabama Rd
Wharton, TX 77488
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Very profitable return on Investment.
- Seller is and has been the only owner of property
- 100 % occupied with 10-year lease
PROPERTY FACTS
AMENITIES
- Controlled Access
- Concierge
- Storage Space
- Central Heating
- Reception
- Drop Ceiling
- Air Conditioning
ABOUT 404-408 N ALABAMA RD , WHARTON, TX 77488
This Property was built in 1990 and has been used by a State Agency as a tenant. The State has just renewed their lease for the next 10 years. The building is 100% occupied. It is ADA compliant, easy to maintain, and a profitable investment. The Seller has replaced the Water Heater in 2017 and the Roof in 2017, Every year the Seller refreshes the paint, tile, and carpets as needed. The property has never flooded and has a fantastic drainage system as well as superior grading. The parking is concrete, with 50 parking spots 4 per 1,000 sq ft of lot space. This property is adjacent to a small strip center also owned and for sale by the seller and a second State leased facility also owned and for sale by the Seller as well as a vacant strip of land that can be developed . Buyer can purchase this property as valuated or all properties at a discounted rate. All Investment properties in this portfolio offer a high yield of return.
PROPERTY TAXES
| Parcel Number | R051673 | Improvements Assessment | $576,621 |
| Land Assessment | $49,629 | Total Assessment | $626,250 |
PROPERTY TAXES
