Showroom Flex Industrial
- Address:
- 2301 10th Street, Floresville, TX 78114
- Property Type:
- Multi Tenant
- Price:
- $1,200,000
- Cap Rate:
- 12.15% pro forma cap
- NOI:
- $13,223
- Square Feet:
- 10,190 sqft
- Lot Size:
- 1.09 Acres
- Price Per Square Foot:
- $117.76
- Year Built:
- 2007
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Marketing Package*
Investment Highlights
Investment Highlights
- Partially Occupied Two-Building 10,190-Square-Foot Industrial Property Situated on 1.09 Acres of Land
- Delivered in 2007, Featuring Metal Construction with a Pitched Roof, 18′ Clear Height, Two Drive-In Doors, One Grade-Level, Showroom, Three-Phase Power, LED Lighting, and Ample Parking
- 8,190 Square Feet of Vacant Space, Allowing for Majority Owner Use or Lease-Up Investment Opportunity
- Situated Along Highway 181 with Strong Visibility and Approximately 16,178 Vehicles Per Day
- Positioned Near the Eagle Ford Shale, Benefiting from Regional Oil and Gas Activity and Steady Retail Growth Serving the Local Community
- Supported by a Growing Floresville Economy with an Average Household Income of $92,461
Investment Overview
The property is a partially occupied two-building industrial complex situated on 1.09 acres of land, offering a total of 10,190 square feet of space. The buildings were delivered in 2007 and feature metal construction with a pitched roof, providing a durable and low-maintenance exterior. The property has 18 feet of clear height, allowing for efficient storage and operations. Two drive-in doors and one grade-level door provide easy access for loading and unloading. The property also features a showroom, three-phase power, and LED lighting, making it suitable for a variety of industrial uses. Ample parking is available on site, accommodating employees, customers, and visitors. The property’s design and features make it an attractive option for businesses seeking a functional and efficient industrial space.
The property’s location along Highway 181 provides strong visibility, with approximately 16,178 vehicles passing by daily (Texas Department of Transportation). This high-traffic location is ideal for businesses that rely on foot traffic or want to increase their exposure to potential customers. The property is also positioned near the Eagle Ford Shale, an area known for its oil and gas activity, which contributes to the local economy. The surrounding area is experiencing steady retail growth, serving the needs of the local community. The property’s proximity to these economic drivers makes it an attractive investment opportunity. The growing economy in Floresville, with an average household income of $92,461, further supports the property’s potential for long-term success (Floresville Economic Development Corporation). The property’s location is well-suited for businesses that want to capitalize on the area’s economic growth.
The property offers 8,190 square feet of vacant space, providing a majority owner use or lease-up investment opportunity. This vacant space can be utilized by an owner-occupier or leased to tenants, generating rental income. The property’s partial occupancy allows for a variety of investment strategies, from owner-occupation to lease-up and renovation. The vacant space can be customized to meet the needs of a specific business or industry, making it a versatile investment opportunity. The property’s features, location, and economic drivers make it an attractive option for investors seeking a strong return on investment.