Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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