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601 W Upshur Ave
Gladewater, TX 75647
Retail Property For Sale
Investment Highlights
- ±4 years remaining and two 5-year renewal options.
- Priced at $499,000 with a 9.00% cap rate and $44,550 annual NOI.
- 10% rent increases in each renewal option period for long-term growth.
- Priced at $499,000 with a 9.00% cap rate and $44,550 annual NOI.
- ±7,830 SF building on ±0.49 acres along Gladewater’s main retail corridor.
- Necessity-based retail model ensures consistent consumer demand in all cycles.
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
7,830 SF
Building Class
B
Year Built
1961
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.49 AC
Zoning
F1 - Commercial
Amenities
- Corner Lot
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 31830 | Improvements Assessment | $149,630 |
| Land Assessment | $21,200 | Total Assessment | $170,830 |
Property Taxes
Parcel Number
31830
Land Assessment
$21,200
Improvements Assessment
$149,630
Total Assessment
$170,830
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