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31846746
12262868

2401, 2403, 2405 N. 16th Street, Orange, TX 77630 For Sale

Coldwell Banker Commercial Arnold and Associates
Listed by Coldwell Banker Commercial Arnold and Associates
$350,000
1087 days on market
Updated 51 days ago
Opportunity zone

2401, 2403, 2405 N. 16th Street

Details
Property Type Retail, Office (+1)
Sub Type Shopping Center, Storefront (+1)
Square Footage 21,780
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 11/30/2030
Remaining Term 4
Rent Bumps Yes
Lease Options 1
Class C
Buildings 1
Acreage 0.500
Zoning Commercial
Parking Spaces 35 spaces
Parking per 1,000 SqFt 1.61
Investment Type Redevelopment
Tenant Credit Credit Rated
Lease Commencement 11/02/2020
Ground Lease No
Sale Condition For sale by owner

Investment / Redevelopment Property

Marketing description

Multi-building investment opportunity located on highly traveled N. 16th Street in Orange, Texas. This offering includes three parcels at 2401, 2403, and 2405 N. 16th Street with an established office/retail building, newly constructed parking field, and cleared lot ready for future development or expansion.

The primary building at 2401 N. 16th Street consists of approximately 2,170 SF and was remodeled in 2016, offering an updated interior with strong curb appeal. The property is positioned in a heavy traffic corridor with excellent visibility and access.

2403 N. 16th Street has been cleared and is ready for new construction, additional parking, or expansion opportunities. 2405 N. 16th Street features a new concrete parking field completed in 2021 with connectivity between N. 16th Street and W. Lutcher Drive, providing convenient ingress and egress.

This property offers flexibility for investors, owner-users, medical office, retail, or redevelopment potential. Financials available upon request.

Property Highlights:

  • Offering Price: $350,000

Multi-parcel investment opportunity

Approx. 2,170 SF remodeled building

Remodeled in 2016

Cleared lot ready for development

New concrete parking field completed in 2021

High traffic and visibility location

Access from both N. 16th Street and W. Lutcher Drive

Expansion and redevelopment potential

Investment highlights

Property Information

2401 N. 16th Street:

Built in 1975

Remodeled in 2016

2,170 SF Structure

*Landlord pays Lawn Maintenance

2403 N. 16th Street:

Lot has been cleared and ready for new construction or expansion

2405 N. 16th Street:

New Concrete Parking Field - 2021

Connects 16th Street and W. Lutcher

*Tenant pays City Water/Sewer, Trash

Heavy Traffic Area

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Listing Contacts

Coldwell Banker Commercial Arnold and Associates
Listed by Coldwell Banker Commercial Arnold and Associates

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