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17869619
17869634

105 E Texas 154, Quitman, TX 75783

JA
746358
Jacob Ashley
Listed by Jacob Ashley
$924,900
744 days on market
Updated 49 days ago

7,500 SQFT Commercial Building Quitman TX!

Details
APN 36994, 36993
Property Type Retail
Sub Type Storefront
Square Footage 7,377
Net Rentable (SqFt) 7,000
Units 5
Cap Rate 9.19%
NOI $85,000
Occupancy 40%
Tenancy Multi
Price per SqFt $125
Year Built 1875
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.2 - 0.3
Zoning Commercial
Investment Type Owner/User
Occupancy Date 06/30/2024

5 individual units for lease!

Marketing description

Prime Commercial Property in Downtown Quitman. Located just a few doors down from the Wood County Courthouse, thiscommercial property boasts a prime location in downtown Quitman. The building features five office units with a spaciousparking area at the back. Three units are 950 square feet each, one unit is 1150 square feet, and the front showroom is 2400square feet. Each unit has its own entrance and full access to restrooms and a common area equipped with a sink, table,microwave, and refrigerator. The front showroom, measuring 2400 square feet, features large windows overlooking GoodeStreet, with electric outlets along each wall and an office space at the back. Each office unit comes with individual heating andair conditioning systems and private electric meters. The water supply is communal and covered by the building owner. Theexterior walls are constructed from one-foot-thick sheet rock and brick. Additionally, the building has a new roof with updatedflashings and foam insulation.

Investment highlights

High traffic. Amazing location. Great visibility. Open parking lot or room to expand. Newly renovated!

Listing Contacts

JA
746358
Jacob Ashley
Listed by Jacob Ashley

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$85,000.00
$7,083.33/mo

Valuation Metrics

0
DSCR
9.19%
Cap Rate
9.19%
ROI

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