2806 New Boston Rd Texarkana, TX 75501
- Commercial real estate
- 37,910 SF
- 4.02 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2806 New Boston Rd
- Year built
- 2004
- Lot size
- 4.02 lot acres
- Property size
- 37,910 SF
- Property type
- Commercial real estate
- APN
- 100124
- APU
- 100124
Description
This exceptional single-tenant warehouse, located at 2806 New Boston Rd in Texarkana, Texas, presents a compelling investment opportunity. The property boasts a substantial 18,000 square feet of warehouse space situated on a generous 4.01-acre lot. Its prime location on New Boston Road, just south of Texarkana Community College, ensures high visibility and accessibility. The area enjoys significant traffic volume, making it an ideal location for a variety of retail businesses. The property benefits from its proximity to numerous established businesses, including Whataburger, Planet Fitness, Ollie's, KFC, Big Lots, and Harbor Freight, further enhancing its appeal and potential for success. The building is a single-story Class B structure. The total parking capacity is commensurate with the lot size. This property is a rare find, offering a significant amount of space in a high-traffic, well-established commercial area of Bowie County, Texas, with a zip code of 75501. The asking price is $6.10 per square foot per year. The property is currently vacant, providing immediate occupancy for a new tenant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $845,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,300,000
- 6.5%
- $1,250,000
- 7%
- $1,280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,305,000
- Geo Method
- $1,220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,390,000
- Retail
- $1,375,000
- Mixed-Use
- $1,165,000
- Hospitality
- $1,190,000
- Educational
- $1,240,000
- Residential Income
- $1,245,000
- Energy
- $1,100,000
- Income-Based Land
- $1,090,000
- Food Service
- $1,300,000
Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Bowie
- State
- Texas
- Longitude
- -94.0797
- Latitude
- 33.4362
- CBSA code
- 45500
- CBSA name
- TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA
