1214 Tx-124 Winnie, TX 77665

Property Details for 1214 Tx-124

Lot size

2.00 lot acres

Property size

3,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fully occupied, multi-tenant commercial property ideally situated on Highway 124 in Winnie, Texas. Encompassing two buildings totaling 3,000-4,000 square feet on a 2-4 acre lot, this property boasts a diverse tenant mix including a restaurant, laundromat, church, and smoke shop. The property features 20-25 parking spaces and underwent extensive renovations in 2023, including new HVAC systems, updated appliances, and a new well and propane system. A significant advantage is a newly executed 20-year billboard contract generating $5,000 monthly income. The property currently has three tenants with a combined monthly net operating income (NOI) of $9,200, with lease terms of one year and two years remaining. The current leases offer potential for increased rental income based on market comparables. Additionally, a prepared pad with complete electrical and plumbing is available for future development adjacent to the existing smoke shop. This turnkey operation offers a strong return on investment with significant upside potential for future growth and development. The property is offered for sale at $1,300,000 and is a credit-rated, owner-user investment opportunity. The property consists of four units across two single-story buildings.

Location Insight

City

Winnie

County

Chambers

State

Texas

Longitude

-94.3845

Latitude

29.8138