Current Use by Public Records
- Office Spaces
Property Details for 411 Ft Mckavett
- Year built
- 1925
- Property type
- Office Spaces
Description
This exceptional investment opportunity presents a 1,269 square foot, single-story office complex located at 411 FT. McKavett in Mason, Texas, zip code 76856. The property, built in 1925 and zoned C-2, features three separately leased units, generating a Net Operating Income (NOI) of $1,700 annually, resulting in a 0.49% cap rate. The asking price is $349,000, translating to $275.02 per square foot. All three suites are currently under lease, extending through December 2024, providing immediate income generation. Conveniently situated just off the town square, the property boasts ample parking. Beyond the main building, a well house offers additional storage, and there's significant space for potential expansion. A basement provides further storage capacity. The property's versatile zoning allows for exploration of alternative uses, such as a winery or bed and breakfast. This is a prime investment opportunity in a thriving Texas community. HillCo Investments LLC is the current owner.
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
- Mason
- County
- Mason
- State
- Texas
- Longitude
- -99.2344
- Latitude
- 30.7497
