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- LoopNet Team
26597 E River Rd
Splendora, TX 77372
Retail Property For Sale
Investment Highlights
- Easy/convenient access to Highway 59
- Fast growing area of E Montgomery County
- Built-in tenant income, Cap Rate 13.45%
- 2000 sq ft of future development for increased revenue
PROPERTY FACTS
Amenities
- Air Conditioning
About 26597 E River Rd , Splendora, TX 77372
Prime Investment Property. 2 1/2 years left on current lease with an established daycare tenant. The Daycare facility is ONLY 50% occupied. There is approx. 2300 Sq.Ft. of the facility not being occupied. 1100 Sq Ft is a finished after school program for more (potential income) and 1200 Sq Ft unfinished gymnasium for future growth and income. Please take note: This investment will start paying you immediately Also, remember; those current monies only represent what is being lease currently. Those numbers will change by increasing when we complete the sections that I've spoke about. The property is already bought and paid for and all survey and property taxes are in order along with all licensing. It's all about location - and this is it. Situated right on Highway 59 northbound with easy/convenient access either direction at E River Dr in Splendora. Occupied by an established Daycare facility with front reception area, 6 bathrooms, 4 large teaching rooms, and a large kitchen. Additional Details: 2 driveways, fenced playground, fire alarm system, low e windows, and city water and sewer. This building also has the potential for a second floor. Fast-growing area of E Montgomery County. An ideal setting for growth and exposure to the community.
PROPERTY TAXES
Parcel Number | 7800-01-15515 | Improvements Assessment | $0 |
Land Assessment | $21,430 | Total Assessment | $21,430 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 19001343
Date on Market: 3/26/2020
Last Updated:
Address: 26597 E River Rd, Splendora, TX 77372
The Retail Property at 26597 E River Rd, Splendora, TX 77372 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.