1201 21st N St Texas City, TX 77590-5445

Property Details for 1201 21st N St

Year built

1975

Lot size

0.16 lot acres

Property size

2,496 SF

Property type

Commercial real estate

APN

4420-0008-0009-001

APU

442000080009001

Description

This exceptional investment opportunity presents a vacant, single-story, 2,496 square foot office building situated on a 0.16-acre lot in Texas City, Texas. The property, located at 1201 21st St N, 77590, is classified as Class C and features two 1,248 square foot suites, ideal for a variety of uses including creative office, executive office, or medical office spaces. Built in 1975, the building offers excellent potential for immediate occupancy and income generation. The asking price is $380,000, translating to a price per square foot of $152.24. The property is a triple net (NNN) lease, meaning tenants are responsible for property taxes, insurance, and maintenance. Its location in a high-traffic, high-growth area offers significant advantages, with easy access to Highway 146 and proximity to nearby refineries. A pro-forma cap rate of 9% is projected, based on current market conditions and vacancy. Importantly, this property is situated outside of all designated flood zones, minimizing risk. This presents a compelling opportunity for investors seeking a strong return in a thriving Texas market. The property is currently vacant, allowing for immediate customization to suit a tenant's specific needs.