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Parsons St 4 Properties Offered at $2,490,000 in Manor, TX
Investment Highlights
- Packaged Deal: Retail/Restaurant/Bar Buildings + Land Parcel
- Fully Leased
- High Growth Corridor
- Owner Financing Available
Executive Summary
Rare Packaged Investment in Manor, TX Building + Land with Owner Financing Available
This sale includes a fully leased retail/commercial building and the adjacent land parcel, sold together as one investment package.
-100 % occupancy with long-term tenants
-Additional Land included in the sale (ideal for future development or value-add)
-Located in a high-growth area with strong traffic counts
INVESTMENT OPPORTUNITY – DOWNTOWN MANOR, TEXAS
Sale Price: $2,500,000
Property Address:
116 E. Parsons St.
118 E. Parsons St.
Historic Downtown Manor, Texas 78653
Property Highlights
• Three income-producing commercial buildings
• Two additional lots located directly behind the buildings included in the sale
• Seller financing available through a Wrap-Around Mortgage
• Existing tenants in place providing immediate income
• No prepayment penalties
Current Tenants
Available Suite - Open to rent out to a potential client.
Restaurant La Marea (approximately 2 years remaining on lease) 4070SF
Sugar Baby’s Bar (approximately 2.5 years remaining on lease) 3380SF
Seller Financing Options
Option 1
• Down Payment: $500,000 (20%)
• Loan Amount: $2,000,000
• Interest Rate: 7.0%
• Amortization: 30 Years
• Principal & Interest Payment: $13,306/month
• Estimated Taxes: $1,838/month
• Estimated Insurance: $500/month
• Estimated Total Monthly Payment: $15,644
Option 2
• Down Payment: $375,000 (15%)
• Loan Amount: $2,125,000
• Interest Rate: 7.5%
• Amortization: 30 Years
• Principal & Interest Payment: $14,858/month
• Estimated Taxes: $1,838/month
• Estimated Insurance: $500/month
• Estimated Total Monthly Payment: $17,196
Option 3
• Down Payment: $250,000 (10%)
• Loan Amount: $2,250,000
• Interest Rate: 8.0%
• Amortization: 30 Years
• Principal & Interest Payment: $16,510/month
• Estimated Taxes: $1,838/month
• Estimated Insurance: $500/month
• Estimated Total Monthly Payment: $18,848
Additional Land Included-
Depending on zoning and city approvals, the additional lots could potentially generate revenue through:
Additional leased parking spaces
Outdoor event space
Food truck leasing opportunities
Outdoor bar or patio expansion
Additional Information
Amortization schedules are available upon request. The buyer may pay off the loan at any time without prepayment penalties.
This sale includes a fully leased retail/commercial building and the adjacent land parcel, sold together as one investment package.
-100 % occupancy with long-term tenants
-Additional Land included in the sale (ideal for future development or value-add)
-Located in a high-growth area with strong traffic counts
INVESTMENT OPPORTUNITY – DOWNTOWN MANOR, TEXAS
Sale Price: $2,500,000
Property Address:
116 E. Parsons St.
118 E. Parsons St.
Historic Downtown Manor, Texas 78653
Property Highlights
• Three income-producing commercial buildings
• Two additional lots located directly behind the buildings included in the sale
• Seller financing available through a Wrap-Around Mortgage
• Existing tenants in place providing immediate income
• No prepayment penalties
Current Tenants
Available Suite - Open to rent out to a potential client.
Restaurant La Marea (approximately 2 years remaining on lease) 4070SF
Sugar Baby’s Bar (approximately 2.5 years remaining on lease) 3380SF
Seller Financing Options
Option 1
• Down Payment: $500,000 (20%)
• Loan Amount: $2,000,000
• Interest Rate: 7.0%
• Amortization: 30 Years
• Principal & Interest Payment: $13,306/month
• Estimated Taxes: $1,838/month
• Estimated Insurance: $500/month
• Estimated Total Monthly Payment: $15,644
Option 2
• Down Payment: $375,000 (15%)
• Loan Amount: $2,125,000
• Interest Rate: 7.5%
• Amortization: 30 Years
• Principal & Interest Payment: $14,858/month
• Estimated Taxes: $1,838/month
• Estimated Insurance: $500/month
• Estimated Total Monthly Payment: $17,196
Option 3
• Down Payment: $250,000 (10%)
• Loan Amount: $2,250,000
• Interest Rate: 8.0%
• Amortization: 30 Years
• Principal & Interest Payment: $16,510/month
• Estimated Taxes: $1,838/month
• Estimated Insurance: $500/month
• Estimated Total Monthly Payment: $18,848
Additional Land Included-
Depending on zoning and city approvals, the additional lots could potentially generate revenue through:
Additional leased parking spaces
Outdoor event space
Food truck leasing opportunities
Outdoor bar or patio expansion
Additional Information
Amortization schedules are available upon request. The buyer may pay off the loan at any time without prepayment penalties.
Property Facts
| Price | $2,490,000 | Number of Properties | 4 |
| Price / SF | $301.82 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 8,250 SF |
| Status | Active | Total Land Area | 0.57 AC |
| Price | $2,490,000 |
| Price / SF | $301.82 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 8,250 SF |
| Total Land Area | 0.57 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 105 S Burnet St, Manor, TX 78653 | Land | 0.20 AC | - | - |
| 108 E Parsons St, Manor, TX 78653 | Land | 0.07 AC | - | - |
| 118 Parsons, Manor, TX 78653 | Retail | 4,125 SF | 1900 | - |
| 116 E Parsons St, Manor, TX 78653 | Retail | 4,125 SF | 1900 | - |
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Parsons St