303 W Calhoun Ave Temple, TX 76501
Single-tenant office building in Temple's CBD, fully renovated in 2020.
Type:Office
Property size:
13,080 SFLot size:
1.27 AcresPrice / SF:
$173/SF- Added:
- Apr 23, 2021
- Days on Market:
- 1831
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 303 W Calhoun Ave
General Information
- Standard status
- Active
- Size
- 13,080 SF
- Lot size
- 1.27 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1990
Listing agent Jeremy Jirasek, ALC License #TX 0594801
Listing office Jirasek Realty
Listing date Apr 23, 2021
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Jirasek Realty
Overview
Downtown Temple Freestanding Office Building
This freestanding office building, located in Downtown Temple's CBD, offers approximately 13,080 square feet of space. The property underwent complete interior and exterior renovations in September 2020. Situated at West Calhoun Avenue, North 7th Street, and North 5th Street, the building is near Temple Fire & Rescue Central Station, KCEN-TV Station, ExtraCo Bank, Santa Fe Plaza, Temple EDC, Temple ISD Administration, and Temple City Hall. The property is within the Central Texas/Killeen-Temple-Ft. Hood region. The building is currently under a 10-year lease to MRB Group, with 7 years remaining. The lease features modified gross terms, a fixed rate for the first 5 years, and annual escalations in years 6-10. The property is considered a stabilized investment with a Class B designation and single tenancy. Built in 1990 and remodeled in Q3 2020, the building sits on an approximately 1.2672-acre lot (240' x 230') and is zoned CA-Central Area.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
MRB Group
Structural Engineer
Location Insight
- Map
- Local Demand
- City
- Temple
- County
- Bell
- State
- Texas
- Longitude
- -97.3435176
- Latitude
- 31.100385
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Single-tenant office building in Temple's CBD, fully renovated in 2020.
Where is this office building located?
The property is located at 303 W Calhoun Ave Temple, TX.
What is the asking price?
The asking price for this property is $2,275,100.
What are key features of this property?
This property features: 100% Occupancy with a Stabilized Investment: Leased to MRB Group with 7 years remaining on a 10‑year lease.; Attractive 6% Cap Rate: Offers a strong return on investment.; Recent Renovations: Complete interior and exterior renovations were finished in Q3 2020.
