14,500+/- sqft renovated Multi-Tenant Shopping Center located at the signalized intersection of Christoval Road and Paint Rock Road. The property was upgraded in 2022 with improved parking lot, new paint, facade with new LED lights, etc. Value-Add with several leases below market rates. Currently 93.7% occupied including new lease to corporate Laundry Luv facility, the average over the next 5-years of their lease provides a 9.5% CAP at the asking price, the proforma NOI is $80,769.
| MLS | 202711 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 20 |
| Listing Provided By | Steve Eustis Co., Realtors | Brandon Sanders |
| SQ Feet | 13,826 |
|---|---|
| Story(s) | 1 |
| Zoning | CG |
| Acreage | 0.80 |
| Heating | Central, Electric, Forced Air, Natural Gas |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Central Air, Electric |
| Cooling Yes / No | Yes |
| Roof | Membrane |
|---|---|
| Construction Materials | Block, Brick |
| Security Features | Security Lights |
| Parking Features | Paved, Parking Lot |
|---|
| Utilities | Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Water Source | Public |
| Tax Block | 11 |
|---|---|
| Tax Legal Description | Acres: 0.797 Blk: 11 Subd: Glenmore Place Addition W Pt Of Lot 11 |
| Tax Lot | 11 |
| State | TX |
|---|---|
| County | Tom Green |
| City | San Angelo |
| Zip Code | 76903 |
| Area | H |
| Neighborhood | Glenmore Place |
| Listing VS Median (in Glenmore Place) | |
Price: $850,000 low | high Med: $226,700 sqft: 13,826 low | high Med: 1,397 $ / sqft: $61 low | high Med: $161 On site: 20 low | high Med: 34 | |
| State | TX |
|---|---|
| County | Tom Green |
| City | San Angelo |
| Zip Code | 76903 |
| Area | H |
| Neighborhood | Glenmore Place |
| Listing VS Median (in Glenmore Place) | |
Price: $850,000 low | high Med: $226,700 sqft: 13,826 low | high Med: 1,397 $ / sqft: $61 low | high Med: $161 On site: 20 low | high Med: 34 | |