103 Travis St La Grange, TX 78945
- Commercial real estate
- 1,334 SF
- 0.24 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 103 Travis St
- Lot size
- 0.24 lot acres
- Property size
- 1,334 SF
- Property type
- Commercial real estate
- APN
- 36802
- APU
- 36802
Description
This exceptional retail property in La Grange, Texas, presents a unique investment opportunity. Located at the busy intersection of Highways 77 and 71, this 11,000 square foot, Class B property boasts a 100% occupancy rate and includes a well-established auto shop, convenience store, and eight-pump gas station. The property sits on a 0.24-acre lot and is offered at $520,000, representing a price per square foot of $47.27 and a 5.00% cap rate. The business has enjoyed a 50-year history of operation, building a strong reputation for excellent customer service and community engagement. Recent surveys and environmental assessments have been completed. The sale is an absolute NNN lease, offering a low-maintenance investment. The property benefits from its strategic location between Houston and Austin, ensuring high traffic volume and a loyal customer base. This turnkey operation is free from fuel contracts, providing immediate income and significant upside potential for the new owner. The property's long-standing success, combined with its prime location and favorable financial metrics, makes it an ideal acquisition for investors seeking a stable and profitable investment.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Grange
- County
- Fayette
- State
- Texas
- Longitude
- -96.8768
- Latitude
- 29.9053