902 Us-181 Portland, TX 78374

Property Details for 902 Us-181

Year built

2001

Lot size

0.31 lot acres

Property size

1,575 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional retail storefront investment opportunity, located at 902 US-181 in Portland, Texas, presents a compelling proposition for discerning investors. The property boasts 1,575 square feet across three units situated on a 0.31-acre lot, offering significant visibility and accessibility. Built in 2001, the single-story building benefits from a prime location on US Highway 181, a major artery with a high average annual daily traffic count of 38,014 vehicles, complemented by 9,640 vehicles daily on the feeder road. The property features 13 parking spaces and multiple convenient entries onto a concrete parking lot. Currently 100% occupied, the property generates consistent rental income, with leases in place for Suite A until February 28, 2027, and Suite B until February 2, 2025. The property is situated within Portland's burgeoning Leisure & Entertainment District, a rapidly developing area known for its farmers' markets, unique community events, concerts, and scenic attractions. The enhanced zoning regulations in this district further enhance the property's long-term value and potential. This offering includes both land and building, sold subject to existing leases. The asking price is $600,000, representing a price per square foot of $380.95. This is a rare opportunity to acquire a high-visibility, income-producing property in a thriving South Texas market. The property's location and strong tenant occupancy make it an attractive investment with potential for both income and appreciation. The APN is 71487.

Location Insight

City

Portland

County

San Patricio

State

Texas

Longitude

-97.3223

Latitude

27.8779