13952 Old Highway 59 N

13952 N Old Highway 59 N, Splendora, TX 77372-6319
Industrial for Sale
13952 Old Highway 59 N
Catylist Listing ID: 30213582
Building Size (RSF): 20,700 SF
Gross Land Area: 3.28 Acres
Sale Price: $998,000
Unit Price: $48.21 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/8/2018

Overview / Comments

Let the income from this 3.28 acres with Highway 59 & Old Hwy 59 frontage pay your investment while you wait to develop. Now used as Mini storage units + mobile home park. 5 minutes from Grand Texas theme park; next to proposed motel; City water & sewer; NO FLOODING; LOW TAXES. Improvements are 20,700 sf in 143 units of mini storage spaces, 23 mobile home space, 15 rented, 9 park owned. Additional electrical for expansion. 83% occupied, 7.125% Cap Rate.

Additional Details

Nearest MSA: Houston-The Woodlands-Sugar Land
County: Montgomery
Tax ID/APN: R38473
Total Number of Buildings: 1
Year Built: 1969


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