20 28Th 1/2 StTexas City, TX 77590

For Sale
$395,000

4,500 SF Flex Space, 10.9% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 4,500-square-foot industrial property in Texas City, Texas, presents a compelling investment opportunity for owner-users or investors seeking strong rental income. Located at 20 28th 1/2 St S, 77590, this single-story, Class B building boasts a 10.9% pro-forma cap rate based on market rental projections. Built in 1981 and extensively renovated in 2021 (including roof replacement), the property features a desirable blend of office and warehouse space, including a sizable air-conditioned warehouse area. The flexible layout includes multiple offices and storage areas, perfectly suited for a variety of uses. The building sits on a 0.31-acre lot and includes one loading dock, 12-foot ceilings, and what appears to be two 200-amp electrical services. Currently 100% occupied by a lift manufacturer, the owner is willing to lease back short-term, providing a smooth transition for the new owner. The property's strategic location offers easy access to major highways and benefits from significant industrial activity in the surrounding area. Additional features include a fenced storage yard and attractive glass storefront windows. This fee-simple property is offered at $395,000 ($87.78/SF), representing a compelling value in the current market. The property is zoned commercial and offers a net lease structure. A pro-forma NOI of $43,200 is projected. This is a must-see property to fully appreciate its potential.

Highlights

  • Attractive glass storefront.
  • Building features heavy power supply.
  • Strong industrial activity in surrounding area.
  • Convenient highway access.
  • Secure fenced storage yard.
  • Excellent office-to-warehouse space ratio.

Property Details for 20 28Th 1/2 St

Property type
Other warehouses, Other industrial properties
Square Feet
4,500 SF
Class
B
Year Built/Renovated
1981/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
13,504 SF
Units
1

Location Insight

City
Texas City
County
Galveston
State
Texas
Latitude
29.383768358587
Longitude
-94.936103023137
20 28Th 1/2 St, Texas City, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
20 28Th 1/2 St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message