320 Twin City HwyPort Neches, TX 77651

For Sale
$510,000

High-yield, 5,600 sq ft mixed-use property.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 5,600 square foot mixed-use building located at 320 Twin City Highway in Port Neches, Texas, 77651. Currently operating under a gross lease with a remaining term of approximately 1.1 years, the property boasts a 100% occupancy rate and a strong net operating income (NOI) of $27,000, yielding a 5.29% capitalization rate. The single-story building sits on a sizable 35,632 square foot lot and includes 25 parking spaces. The property is zoned for medium-density business use, offering flexibility for a variety of commercial ventures. The current lease commenced January 1, 2021, and expires December 31, 2025. The property's strategic location on Twin City Highway ensures high visibility and convenient access. This is a net lease investment with no tenant credit rating available. The asking price for this well-maintained Class B property is $510,000. Ownership is held by Wheelhouse Pompano Property LLC. The property has been occupied since July 14, 2016.

Highlights

  • 5,600 SF mixed-use building on a 35,632 SF lot in Port Neches, TX.
  • Currently 100% occupied under a gross lease with approximately 1.1 years remaining.
  • Strong NOI of $27,000, yielding a 5.29% cap rate; asking price $510,000.
  • 25 parking spaces and zoned for medium-density business use.
  • Located on Twin City Highway with high visibility and convenient access.

Property Details for 320 Twin City Hwy

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
5,600 SF
Class
B
Stories
1
Units
1

Location Insight

City
Port Neches
County
Jefferson
State
Texas
Latitude
29.952776114752
Longitude
-93.95644032119
320 Twin City Hwy, Port Neches, Texas

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320 Twin City Hwy
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