603 Hwy 271 / 163 Pr Gladewater, TX 75647

Property Details for 603 Hwy 271 / 163 Pr

Year built

2017

Lot size

8.00 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity encompasses a diverse portfolio of three income-generating properties located in Gladewater, Texas, on a prime 8-acre lot at 603 Upshur 8598 Hwy 271 / 163 PR 1301. The portfolio boasts a significant annual gross income exceeding $286,000, presenting a compelling cap rate for investors seeking strong returns. The centerpiece is a well-established 120-unit storage facility, currently enjoying a remarkable 97% occupancy rate. This provides a stable and predictable income stream. Complementing the storage facility is a thriving RV park featuring 12 spacious RV sites, catering to the growing demand for recreational vehicle accommodations. Finally, a triplex residential building adds further diversification to the portfolio. This triplex includes an efficiency apartment, a one-bedroom, one-bathroom apartment, and a two-bedroom, two-bathroom apartment, offering additional rental income potential. The entire property package is situated on Highway 80 (also known as West Upshur), ensuring high visibility and accessibility. This location in the "Antique Capital of East Texas" provides a unique draw for both residents and tourists, further enhancing the investment potential. This is an exceptional opportunity to acquire a well-established, high-yielding commercial portfolio with significant upside potential. The property is priced at $2,295,000.

Location Insight

City

Gladewater

County

Upshur

State

Texas

Longitude

-94.9471

Latitude

32.5384