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111 W Pine Ave Orange, TX 77630

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For Sale
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Distressed 200-unit multifamily property in Orange, Texas, for sale.

Property size:
149,288 SF

Property Features for 111 W Pine Ave

General Information

Size
149,288 SF

Building Details

Year built
1945

Source: Eli Gunesebakan, CCIM, SIOR Agent Eli Gunesebakan, CCIM, SIOR

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

200-Unit Multifamily Investment Opportunity

Located in Orange, Texas, Sabine Park is a garden apartment complex comprising 40 buildings, with a mix of one-story and two-story walk-up structures. This multifamily property features 200 residential units and is zoned C-2 Commercial. Situated near I-87 and MacArthur Drive, the property is less than a half mile from Lamar State College and the Westport Orange Shipyard. The location provides convenient access to shopping, dining, and entertainment options. Jack Brooks Regional Airport is 30 minutes away, and Lake Charles Regional Airport is 45 minutes away. This property presents an opportunity to acquire a distressed asset and transform it into a high-quality living experience for residents. The multifamily real estate market in Orange, Texas, is a growing sector. The city's strong economy, growing population, and range of amenities make it an attractive destination for multifamily real estate investment. With a growing population, there is an increasing demand for rental properties, creating opportunities for investors in the multifamily real estate market. Orange is home to a diverse range of industries, including oil and gas, petrochemicals, and manufacturing. With a robust economy, there are plenty of job opportunities in Orange, attracting new residents to the area and driving demand for rental properties.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Sabine Park Apartment ... Apartment Building

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Orange
County
Orange
State
Texas
Longitude
-93.728871
Latitude
30.095238

FAQs

What type of property is this?
Apartment building - Distressed 200-unit multifamily property in Orange, Texas, for sale.
Where is this apartment building located?
The property is located at 111 W Pine Ave Orange, TX.
What are key features of this property?
This property features: - 200-unit multifamily property offers significant potential for revenue growth through renovation and increased rental rates.; - Prime location in Orange, Texas, provides easy access to shopping, dining, and entertainment.; - Distressed asset provides an opportunity for acquisition at a discounted price.
More about this property
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