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20158472
20158467

1340 State Hwy 3, League City, TX 77573 For Sale

$2,350,000
661 days on market
Updated 11 days ago

PRICE REDUCED 2.35M - 2.88 ACRES HWY 3 LEAGUE CITY

Details
Property Type Mixed Use, Retail (+1)
Cap Rate 1.06%
NOI $25,000
Tenancy Multi
Broker Co-Op Yes
Year Built 1997
Year Renovated 2021
Buildings 1
Stories 2
Lot Size (SqFt) 120,000
Investment Type Owner/User
Ceiling Height 20
Loading Docks 2
Dock High Doors 2

Warehouse Storage

Marketing description

OWNER FINANCE AVAILABLE!!

EXCELLENT LOCATION - Ready now - what a find approx total 12k sqft approximately on 2.88 acres - with set of plans for an additional 15K sqft Warehouse tied into this one! 2023 extensively built-out facility that could easily be anything! Great for warehouse, distribution, catering, commissary, construction, industrial building use or can be meat processing/butcher market, vegetable/fruit fresh food wholesale or distribution or specialty company or restaurant with plenty of room for front end cafe, restaurant with large warehouse/freeze/cool space optional. Front end with executive office spaces - full office/kitchen/breakroom/private offices/conference room/etc. Separate showroom and fully renovated 2023 with approx. 240 sqft cooler, approx. 480 sqft FDA approved processing facility, approx. 600 retail space and more optional freeze/warehouse space available, top of the line fixtures/build out, FDA approved facility, or storefront with trendy design, private areas - dividable, extensive parking, ADA compliant, 2 docks for shipping/receiving, commercial coolers/freezer area, fenced secure yard area for equipment storage, high ceilings throughout. Easy location with quick access from Galveston to Houston and Austin to Dallas!

Fully Built-Out with upstairs quarters / entertaining or meeting livable space for corporate events. Floored heavy duty with processing area upstairs or build-out space with bay door/loading access.

Full set of pans for expansion of LARGER warehouse tied into this one, higher ceilings, large open steel frame building.

Full Office Facility / Conference Room / etc.

2 Loading Docks

Central Air and Heating

Kitchen

Private Restrooms

Freezer Space

Wi-Fi Connectivity

High Ceilings

Secure Storage

Recessed Lighting

Plug & Play

Centrally located from Galveston to Houston

Extensively outfitted 2023 with Trendy features

Custom showroom/storefront/cafe or client area

Lots of parking, open yard area for storage area

FDA approved facility setup, ready to do business!

- measurements are approximate.

Investment highlights

ABOUT THE PROPERTY - measurements are approximate.

GREAT setup, Excellent Location! Complete Renovation / Rebuild 2023! Approx 12K Sqft with set of FULL PLANS for additional 15K warehouse/building next door tied in. 2.88 ACRES on Hwy 96/Hwy 3. So many uses on this one - huge cold storage facility with potential income producing business intact (negotiable to convey) approximately 15-20K monthly when at capacity, fully operational with long term clients. Building has private office spaces separately and leasable private storefront space previous specialty meat processing/sales facility, loaded with extras and trendy storefront/showroom, great use for food service/distribution/production hub or center, meat / seafood processing or storage facility etc. Outfitted with 600 sqft retail, approximately 2 billboard signs permitted, full glass frontage with hurricane rollups, tile floors, built-in full counter equipped with electrical, accent lighting, trendy commercial showroom! Fully finished out office / administrative area includes 3 office spaces, conference room, kitchen/breakroom, reception lobby area and entrance, glass dividers (very nice setup). Also, retail space with glass front includes 480 sqft USDA compliant processing/freezer/cold space built new in 2023, new Larkin refrigeration med. temp, ceiling mounted maintains 40 degrees, commercial tile flooring, wall and ceiling are refrigerated panels, easy to clean, fully equipped 110 and 240 3 phase hookups, equipped with 3 compartment sink, mop sink washing station, processing area with grease trap and floor drains. 240 sqft cooler with brand new refrigeration maintains low 30 degrees, sliding door and easy store pallets area. Property is 18 wheeler accessible, full size storage yard with fencing/secured, fully functional loading and off 2 loading docks with freezer area - perfect for your production or distribution needs!

24 Hour Access

Fenced Lot

Signage

Accent Lighting

Recessed Lighting

Air Conditioning

Listing Contacts

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$25,000.00
$2,083.33/mo

Valuation Metrics

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DSCR
1.06%
Cap Rate
1.06%
ROI

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