20 28Th 1/2 St Texas City, TX 77590
- Warehouses
- 4,500 SF
- 0.31 lot acres
Current Use by Public Records
- Acuren Inspection Inc / Business Related
Property Details for 20 28Th 1/2 St
- Year built
- 1981
- Lot size
- 0.31 lot acres
- Property size
- 4,500 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 4,500-square-foot industrial property in Texas City, Texas, presents a compelling investment opportunity for owner-users or investors seeking strong rental income. Located at 20 28th 1/2 St S, 77590, this single-story, Class B building boasts a 10.9% pro-forma cap rate based on market rental projections. Built in 1981 and extensively renovated in 2021 (including roof replacement), the property features a desirable blend of office and warehouse space, including a sizable air-conditioned warehouse area. The flexible layout includes multiple offices and storage areas, perfectly suited for a variety of uses. The building sits on a 0.31-acre lot and includes one loading dock, 12-foot ceilings, and what appears to be two 200-amp electrical services. Currently 100% occupied by a lift manufacturer, the owner is willing to lease back short-term, providing a smooth transition for the new owner. The property's strategic location offers easy access to major highways and benefits from significant industrial activity in the surrounding area. Additional features include a fenced storage yard and attractive glass storefront windows. This fee-simple property is offered at $395,000 ($87.78/SF), representing a compelling value in the current market. The property is zoned commercial and offers a net lease structure. A pro-forma NOI of $43,200 is projected. This is a must-see property to fully appreciate its potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Texas City
- County
- Galveston
- State
- Texas
- Longitude
- -94.9361
- Latitude
- 29.3838
