Value-Add Shopping Center
13.6% Occupied | 18,082 SF Building
Marketing description
For registration requirements and regulations, please review here or contact Hannah Ladenheim | 936-274-1332 | [email protected].
Texas Blvd Plaza at 2319 Texas Blvd, Texarkana, TX 75501 offers a compelling value-add opportunity in one of Texarkana’s established commercial corridors. This ±18,082 SF multi-tenant retail/commercial property sits on ±1.08 acres and features 40+ parking spaces, strong frontage, and exposure to approximately 12,862 vehicles per day along Texas Blvd. Currently 13.6% occupied (MTM), the center presents significant upside through lease-up of three vacant suites, including a large ±12,332 SF main space and two additional ±1,645 SF suites. The flexible suite mix creates multiple repositioning strategies for investors or owner-users seeking retail, showroom, service, medical/wellness, or light commercial tenancy options. Positioned within a proven regional trade area, the property benefits from proximity to major national retailers, neighborhood services, and key traffic drivers throughout the Texarkana market. The surrounding area is supported by a strong regional population base, with 73,542 residents within 5 miles and 99,055 residents within 10 miles. Offered via auction, Texas Blvd Plaza provides the chance to acquire a well-located asset at an attractive basis with substantial upside potential!
- Non-Contingent
- Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
2315 Texas Blvd, Texarkana, TX 75501
Investment highlights
- True Value-Add Opportunity: Texas Blvd Plaza is currently operating with significant vacancy, creating a straightforward upside through lease-up of the available suites.
- Flexible Multi-Suite Configuration: The property features a larger main space, one occupied suite, and two smaller suites. This layout gives a new owner flexibility to pursue a variety of tenant profiles, including local retailers, service businesses, showroom users, medical / wellness concepts, light commercial users, or an owner-user looking to occupy a portion of the building while leasing the remaining space.
- Established Texarkana Commercial Market: Texas Blvd Plaza is positioned within an established Texarkana commercial corridor surrounded by national retailers, restaurants, service businesses, and neighborhood-oriented operators. As a regional hub for retail, employment, healthcare, education, and services, Texarkana draws traffic from both the Texas and Arkansas sides of the market, supporting demand from local and regional tenants seeking commercial space in a proven trade area.
- Auction Offering: This property is being offered via auction which gives the opportunity to acquire this at an attractive basis well below replacement cost.
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