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GP Theriot IV

gp@gptheriot.com +1(214) 789-5888

$ 279,900

Est. payment | -/mo

7,750 SqFt

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$ 279,900

Est. payment | -/mo

Save Virtual Tour

7,750 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 7,750 sqft

Price per Sqft $36

Subdivision E Kimbell Abst 617 Tr 74 2.18 Acavinger Mini Stg

MLS Listing ID 21061691

Construction Status Resale

HOA Y/N No

Year Built 2000

Annual Tax Amount $3,709

Lot Size 2.180 Acres

Acres 2.18

Property Sub-Type Business

Property Description

This well-established self-storage facility is conveniently located in Avinger, Texas, situated on State Highway 155 near the intersection with Highway 49. Positioned at the strategic crossroads of Lake O' the Pines, Jefferson, Hughes Springs, Linden, and Ore City, the property occupies over two acres with significant potential for growth. Currently operating at 60% occupancy, the facility offers 64 units ranging from 5x10 to 10x15, housed in two buildings constructed in 2000 and 2002. Enhanced security features include perimeter fencing and automated coded gate access, providing tenants with peace of mind. The spacious layout allows for easy maneuvering of trucks and trailers, adding to tenant convenience. An additional vacant acre offers ample opportunity for expansion, including the possibility of RV and boat storage to leverage the nearby lakes and surrounding communities. Managed through a fully integrated online platform with seamless payment processing and tenant services, the business runs smoothly and efficiently. With a current cap rate of approximately 7.4% based on the asking price and potential to increase to 15.2% by filling all units, along with additional income opportunities from developing the extra acre, this property presents a compelling investment. It's an ideal prospect for an owner ready to dedicate time and vision to unlock its full potential in this thriving East Texas market. The property has a new survey and is ready for its new owners!

Location

State TX

County Cass

Zoning U

Direction At the Hwy 155. Hwy 49 crossing in Avinger, go E on 155 just up the road on the L

Interior

Heating None

Cooling None

Flooring Concrete

Inclusions Business, Land & Improvements

Fireplace No

Exterior

Parking Features None

Utilities Available Water Available

Water Access Desc Public

Roof Type Metal

Private Pool No

Building

Story 1

Foundation Slab

Water Public

Construction Status Resale

Others

Tax ID 6753

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21061691

Nearby Locations

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GP Theriot IV

Real Estate Consultant, US Army Veteran (CPT) Lic# 0817775

gp@gptheriot.com

+1(214) 789-5888

5605 North McArthur Blvd, Irving, TX 75038, USA

205 Highway 155 HWY Avinger, TX 75630

GP Theriot IV

Key Details

Location

Interior

Exterior

Building

Others

205 Highway 155 HWY