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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

Property Type
Retail
Property Subtype
Day Care Center
Building Size
4,999 SF
Building Class
B
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.75 AC
Zoning
None
Parking
10 Spaces (2 Spaces per 1,000 SF Leased)

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

PROPERTY TAXES

Parcel Number
7800-01-15515
Land Assessment
$21,430
Improvements Assessment
$0
Total Assessment
$21,430
  • Listing ID: 19001343

  • Date on Market: 3/26/2020

  • Last Updated:

  • Address: 26597 E River Rd, Splendora, TX 77372

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