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$ 4,500,000
Est. payment /mo
Active
804 SE AVE G Avenue G Seminole, TX 79360
13 Acres Lot
UPDATED:
07/01/2024 07:13 PM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision G 161 Blk G Sec 161
MLS Listing ID 20660270
Total Fin. Sqft 36916
Year Built 2009
Annual Tax Amount $23,686
Lot Size 13.000 Acres
Acres 13.0
Property Description
Nestled in the thriving heart of Seminole, TX, these two prime real estate locations present a unique investment opportunity with 7.5% Cap Rate
The first location boasts 20 homes, predominantly trailers, along with a substantial 3,200 sq ft shop. This setup is ideal for those looking to tap into the bustling local economy.
Just a stone's throw away, the second location features 10 homes and additional RV sites, catering to a diverse range of tenants. This property is further enhanced by a multi-unit enclosed boat or RV storage facility and mini storages, ensuring steady rental income. An on-site office provides convenience and ease of management.
The booming oilfield industry, coupled with thriving farming activities and other economic drivers, makes this investment particularly attractive. Notably, rents haven't been increased in five years, offering substantial potential for future growth. This is a perfect chance to invest in a diversified, high-demand area.
The first location boasts 20 homes, predominantly trailers, along with a substantial 3,200 sq ft shop. This setup is ideal for those looking to tap into the bustling local economy.
Just a stone's throw away, the second location features 10 homes and additional RV sites, catering to a diverse range of tenants. This property is further enhanced by a multi-unit enclosed boat or RV storage facility and mini storages, ensuring steady rental income. An on-site office provides convenience and ease of management.
The booming oilfield industry, coupled with thriving farming activities and other economic drivers, makes this investment particularly attractive. Notably, rents haven't been increased in five years, offering substantial potential for future growth. This is a perfect chance to invest in a diversified, high-demand area.
Location
State TX
County Gaines
Zoning Real
Direction 2 Locations 804 SE AVE G and 229 US HWY 180
Interior
Heating Central
Cooling Central Air
Flooring Combination
Heat Source Central
Exterior
Utilities Available City Sewer, City Water
Roof Type Asphalt
Garage No
Building
Lot Description Acreage
Foundation Combination
Structure Type Siding
Others
Ownership WIELER
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Listed by James Friesen • United Country H5 Auction & Re