Current Use by Public Records
- Office Spaces
Property Details for 1051 Tx-327
- Year built
- 1995
- Lot size
- 0.93 lot acres
- Property type
- Office Spaces
Description
This exceptional investment opportunity presents a fully leased, Class B executive office building situated on Highway 327 in Silsbee, Texas. Strategically located between Highway 96 bypass and Business 96, this property boasts excellent visibility and easy access. The 3,200 square foot building sits on a 0.93-acre lot and includes two units currently occupied by a State Farm Insurance agent and an Edward Jones agent. Tenants are responsible for utilities and maintenance, ensuring a consistent income stream. The property features ample parking with a striped concrete lot providing 27 spaces in front and additional parking in the rear, totaling approximately 40 spaces. A detached garage of approximately 720 square feet adds further utility. Built in 1995, this single-story building is zoned C-2 and comprises two units within two buildings. The asking price is $385,000, translating to $120.31 per square foot. This is a multi-tenant property offering a strong return on investment with a modified lease type.
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
- Silsbee
- County
- Hardin
- State
- Texas
- Longitude
- -94.1681
- Latitude
- 30.3405
