1507 Of 2 Jacksonville, TX 75766
- Mixed-use properties
- 4,525 SF
- 3.21 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 1507 Of 2
- Year built
- 1993
- Lot size
- 3.21 lot acres
- Property size
- 4,525 SF
- Property type
- Mixed-use properties
- Property subtype
- Self storage facilities
Description
This exceptional mixed-use investment opportunity in Jacksonville, Texas, presents a compelling combination of income-producing assets. The property comprises two buildings situated on a 3.21-acre lot, zoned G-Commercial. A 4,525 square foot metal storage building houses fifteen fully leased units (ten 12' x 24' and five 6' x 24'), generating substantial rental income. Additionally, a 1,400 square foot, two-bedroom, one-bathroom residential home is included, also fully leased until August 1, 2025. This property boasts 418 feet of frontage on S Bolton St, ensuring high visibility and convenient access. The current net operating income (NOI) stands at $24,300, representing a 6.48% cap rate. The asking price is $375,000, offering a strong return on investment. Built in 1993, this Class C property is currently 100% occupied under a gross lease agreement. The significant lot size presents potential for future development or expansion. This owner-user investment is a rare find, combining immediate income with long-term growth potential. The property is located at 1507 S Bolton St, Jacksonville, TX 75766.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Cherokee
- State
- Texas
- Longitude
- -95.272
- Latitude
- 31.9463
