Listed by Cobb, Lundquist & Atnip Inc
$950,000
1605 US Hwy 181 Portland TX
Details
APN 1168-0003-0005-001
Property Type Office, Retail
Sub Type Storefront
Square Footage 5,500
Units 5
Cap Rate 13.50%
Occupancy 60%
Tenancy Multi
Lease Type NNN
Broker Co-Op Yes
Year Built 2002
Buildings 1
Stories 1
Acreage 0.480
Zoning C-G
Investment Type Owner/User
Occupancy Date 08/28/2025
Ground Lease No
Sale Condition N/A
Office | 13.50% CAP | 5,500 SqFt
Marketing description
Retail center surrounded by Car Dealerships as well as residential property. This retail center has frontage on US 181 going through Portland, Texas. The retail center is situated between Billy Webb Dr. and Lang Rd.
With annual rent projection of $110,000.00, This investment is an attractive 11.5% cap rate.
Total of 5 spaces with 3 occupied - 1 vacant space 1,250sf and 1 vacant space 1000sf
Listing Contacts
Listed by Cobb, Lundquist & Atnip Inc
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