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- LoopNet Team
405 University Dr E
College Station, TX 77840
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Near the intersection of University Dr & Texas Ave, 3 blocks from Texas A&M University
- Train Depot is historically significant to City of College Station and Texas A&M University
- Income generated by three (3) duplexes and two (2) single family residences
- Frontage along three streets: University Drive (130'), MacArthur Street (315'), and Nimitz Street (225')
- Multi-use building could be repurposed or entire 1.55 AC redeveloped
- Identified by City of College Station for future "urban" use in the comprehensive plan
PROPERTY FACTS
ABOUT 405 UNIVERSITY DR E , COLLEGE STATION, TX 77840
Extremely rare opportunity to acquire irreplaceable 1.55 AC infill site on University Drive just steps from the “front door” of Texas A&M University. The property is located within a Qualified Opportunity Zone (“QOZ”), which provides multiple tax benefits for investment if all requirements are met. Total enrollment at Texas A&M for Fall 2018 was 69,367 students. University Drive has undergone dramatic transformation with recently developed upscale hotels, luxury apartments, national and boutique retail, restaurants, and office. The site is improved with multiple buildings utilized for an art gallery, storefront, wine bar, and event center. These buildings can easily be repurposed for a variety of commercial uses, or the entire site could be redeveloped. The property has additional frontage and access from MacArthur Street and Nimitz Street. Behind the commercial buildings, the site includes three duplexes and two single family residences, providing consistent monthly income. The owner will consider proposals for the commercial buildings, the entire site, or portions thereof.
PROPERTY TAXES
| Parcel Number | 23504 | Improvements Assessment | $513,897 |
| Land Assessment | $963,928 | Total Assessment | $1,477,825 |
PROPERTY TAXES
