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29658405
29658406

1208 N Robinson Drive, Robinson, TX 76706

Coldwell Banker Commercial Apex, Realtors
Listed by Coldwell Banker Commercial Apex, Realtors
Unpriced
114 days on market
Updated 88 days ago

1208 N Robinson Drive

Details
Property Type Special Purpose
Sub Type Other

Special Purpose

Marketing description

Option 1: Former Harvest Time Church - positioned on 4.89 acres comprising of two buildings totaling 29,897 SF and 224 parking spaces. The main building (sanctuary) is currently in shell condition and totals 21,800 SF. The Second building is finished out as offices/classrooms and totals approximately 8,097 SF. The property has strong visibility fronting Robinson Dr. and offers a unique investment or user opportunity in an area participating in significant growth. The building is being offered well below replacement costs at $45/SF or $1,350,000. Option 2: Offered at a 12% Cap Rate with 5+ years of remaining term. Upside potential with rent bump and 2,000 SF of vacancy in a standalone building (#5) along with 4 acres of additional land for the future development. Option 3: Includes all 14.55 acres with approximately 57,777 SF of improvements ($51/SF) spread across 6 buildings. Priced at $2,950,000, 45% of the property is leased to long term tenants including Kidz Daycare/Church and Peoples Quality Services.
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Coldwell Banker Commercial Apex, Realtors
Listed by Coldwell Banker Commercial Apex, Realtors

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