8691 Fm 2673
5,400 SF 100% Leased Retail Building Canyon Lake, TX 78133 For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupied | Staggered Leases | Below Market Rents
- Laundromat Tenant Expected to Renew (Call Broker for Details)
- 2% Submarket Vacancy Rate | Stable Tenants
- Price Includes 3AC Directly Behind the Shopping Center ($2.50psf)
- 15.15% Population Growth ('23-'28)
EXECUTIVE SUMMARY
Property Description
Introducing an exceptional investment opportunity in Canyon Lake, TX. This building, constructed in 1997, boasts 100% occupancy, presenting a secure and lucrative prospect for retail investors. Located in the heart of the highly coveted Canyon Lake area, this property offers an ideal setting for retail and street retail businesses to thrive. With its well-maintained structure and full tenancy, investors can step into a turnkey opportunity with strong income potential.
Location Description
Discover the natural beauty and recreational opportunities surrounding the property in Canyon Lake, TX. Located near the stunning Canyon Lake, investors can capitalize on the area's appeal to outdoor enthusiasts and tourists. The location offers convenient access to popular attractions such as Canyon Lake Marina, Canyon Lake Gorge, and Overlook Park, providing potential for attracting visitors and tenants alike. With its proximity to hiking trails, water activities, and picturesque parks, the area presents opportunities for a thriving office building investment in a sought-after destination.
Introducing an exceptional investment opportunity in Canyon Lake, TX. This building, constructed in 1997, boasts 100% occupancy, presenting a secure and lucrative prospect for retail investors. Located in the heart of the highly coveted Canyon Lake area, this property offers an ideal setting for retail and street retail businesses to thrive. With its well-maintained structure and full tenancy, investors can step into a turnkey opportunity with strong income potential.
Location Description
Discover the natural beauty and recreational opportunities surrounding the property in Canyon Lake, TX. Located near the stunning Canyon Lake, investors can capitalize on the area's appeal to outdoor enthusiasts and tourists. The location offers convenient access to popular attractions such as Canyon Lake Marina, Canyon Lake Gorge, and Overlook Park, providing potential for attracting visitors and tenants alike. With its proximity to hiking trails, water activities, and picturesque parks, the area presents opportunities for a thriving office building investment in a sought-after destination.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,400 SF
Building Class
B
Year Built
1997
NOI
$50,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
4.42 AC
Opportunity Zone
Yes
Parking
8 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
315’ on Farm to Market Road 2673
PROPERTY TAXES
| Parcel Number | 50-0340-0805-00 | Improvements Assessment | $364,130 |
| Land Assessment | $510,010 | Total Assessment | $874,140 |
