11502-15503 Parsons Rd
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11502-15503 Parsons Rd
30,500 SF Specialty Building Offered at $4,950,000 in Manor, TX 78653
Investment Highlights
- Multiple uses for the already built out center.
- High foot traffic with property being split on Parsons Road.
Executive Summary
Previously served as a Recovery Center focused on healing and wellness, both parcels encompass approximately 70 acres of stunning trees, water features, swimming pools, and the beauty of nature.
The two tracts feature various structures constructed between 1983 and 2010. These buildings together represent approximately 30,000sf that includes multiple offices, separate housing for both men and women, a community center, an event hall, and a 5,000-square-foot warehouse. See the Photo Gallery Link Below.
Federal and Texas Opportunity Zones
The property is located within the Federal and the Texas Opportunity Zone. The program is a federal initiative administered by the U.S. Department of Treasury. The program offers incentives, in the form of capital gains tax abatement, for those who invest eligible capital into Qualified Opportunity Zone assets. Additionally on March 22, 2018, Governor Greg Abbott submitted the state’s Opportunity Zone designations to the U.S. Treasury Department to encourage long-term investment in eligible Texas communities.
The two tracts feature various structures constructed between 1983 and 2010. These buildings together represent approximately 30,000sf that includes multiple offices, separate housing for both men and women, a community center, an event hall, and a 5,000-square-foot warehouse. See the Photo Gallery Link Below.
Federal and Texas Opportunity Zones
The property is located within the Federal and the Texas Opportunity Zone. The program is a federal initiative administered by the U.S. Department of Treasury. The program offers incentives, in the form of capital gains tax abatement, for those who invest eligible capital into Qualified Opportunity Zone assets. Additionally on March 22, 2018, Governor Greg Abbott submitted the state’s Opportunity Zone designations to the U.S. Treasury Department to encourage long-term investment in eligible Texas communities.
Property Facts Under Contract
| Price | $4,950,000 | Lot Size | 69.94 AC |
| Price Per SF | $162 | Building Size | 30,500 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1983/2010 |
| Property Subtype | Lodge/Meeting Hall | Parking Ratio | 2.56/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Price | $4,950,000 |
| Price Per SF | $162 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | B |
| Lot Size | 69.94 AC |
| Building Size | 30,500 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1983/2010 |
| Parking Ratio | 2.56/1,000 SF |
| Opportunity Zone |
Yes |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,207,514 | |
| Land Assessment | $1,012,486 | Total Assessment | $3,220,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,012,486
Improvements Assessment
$2,207,514
Total Assessment
$3,220,000
zoning
| Zoning Code | ETJ (The Austin Extraterritorial Jurisdiction (ETJ) refers to the unincorporated land within 5 miles of Austin’s full purpose city limit.) |
| ETJ (The Austin Extraterritorial Jurisdiction (ETJ) refers to the unincorporated land within 5 miles of Austin’s full purpose city limit.) |
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Presented by
Austin Commercial Partners
11502-15503 Parsons Rd
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