Current Use by Public Records
- Jourdanton Finance / Loan Service
Property Details for 901 Oak St
- Year built
- 1965
- Lot size
- 0.21 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 3,728 square foot Class B shopping center located at 901 Oak St, Jourdanton, TX 78026. Situated on a 0.214-acre lot at the corner of Oak and Brown Streets, this property offers excellent visibility and ample parking. The center consists of two single-story buildings, constructed in 1965, and currently features five units with 80% occupancy under a gross lease structure. Four units are currently leased, leaving one vacant suite ready for immediate occupancy. The property boasts a strong NOI of $22,533, translating to a 6.53% cap rate at an asking price of $345,000. The permitted zoning is C, making it suitable for a variety of retail uses. This turn-key facility is conveniently located less than an hour south of San Antonio and minutes from Pleasanton, providing easy access to a substantial customer base. The remaining lease term is zero years, presenting an opportunity for immediate income generation and lease renegotiation. This is a compelling investment opportunity in a thriving Texas market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jourdanton
- County
- Atascosa
- State
- Texas
- Longitude
- -98.5441
- Latitude
- 28.92
