Texas Plaza | 1010 S Texas Ave
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Texas Plaza 1010 S Texas Ave
30,600 SF 65% Leased Retail Building Bryan, TX 77803 $2,600,000 ($85/SF)
Investment Highlights
- Attractively priced below replacement cost at $85 PSF.
- Average rents 15% below market.
- Value Add-Opportunity with 11,000 SF to lease up in the middle and remodel second-story non-revenue generating space.
Executive Summary
This shopping center spans 30,600 rentable square feet and is strategically situated on two parcels totaling 2.24 acres on S Main Street and S Texas Ave, which are main thoroughfares connecting Bryan and College Station. The property is well positioned in a high-growth, high-traffic regional retail corridor, benefiting directly from the proximity to downtown Bryan and Texas A&M University. Texas Plaza is a 3-tenant retail center with a 13-year lease to Bingo Barn and 8 years remaining on the lease to Los Plebes. This property offers investors an excellent value add opportunity with 65% occupancy and the ability to lease up the middle 11,000 SF space and to remodel the second-story non-revenue generating space to increase return and revenue.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
30,600 SF
Building Class
C
Year Built
1985
Price
$2,600,000
Price Per SF
$85
Percent Leased
65%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
2.24 AC
Opportunity Zone
Yes
Zoning
MT-C
Parking
130 Spaces (4.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 41785 | Improvements Assessment | $2,285,659 |
| Land Assessment | $446,499 | Total Assessment | $2,732,158 |
PROPERTY TAXES
Parcel Number
41785
Land Assessment
$446,499
Improvements Assessment
$2,285,659
Total Assessment
$2,732,158
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Texas Plaza | 1010 S Texas Ave
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