1302 E Crestwood Dr Victoria, TX 77901
- Grocery and convenience stores
- 21,408 SF
- 1.16 lot acres
Current Use by Public Records
- Dick's Food Store / Grocery Store / Supermarket
- Watermill Express / Bottled Water Supplier / Drinking Water Fountain
- Western Union / Money Transfer Service / Money Order Service
Property Details for 1302 E Crestwood Dr
- Year built
- 1955
- Construction
- FRAME
- Lot size
- 1.16 lot acres
- Property size
- 21,408 SF
- Property type
- Grocery and convenience stores
- APN
- 09700-002-00100
- APU
- 970000200100
Description
This exceptional 2.33-acre property in Victoria, Texas, presents a remarkable investment opportunity. Located in the heart of the city with city streets on all sides, this site offers unparalleled versatility. The main building encompasses 21,408 square feet, featuring 12,393 square feet of open space, a 7,735-square-foot warehouse (a separate building included in the total square footage), 1,280 square feet of office space, and a 360-square-foot freezer (not included in the main square footage). All square footage measurements are approximate. The building boasts robust construction with 8-inch concrete walls and 4-inch concrete ceilings (behind a drop ceiling), a concrete slab foundation, and a flat roof. Flooring consists of terrazzo tile in the main area and concrete elsewhere. Ample parking is provided by an asphalt lot of approximately 54,000 square feet, accommodating 1,965 vehicles. The property includes package A/C units. Built in 1955, this single-story building sits on two parcels and offers significant expansion potential. The property is zoned for various uses, including daycare, restaurant, and storefront. No equipment, inventory, or furnishings are included in the sale, but these items may be available for separate purchase. The asking price is $850,000. APN: 40689, 46370.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $750,000
- 6.5%
- $680,000
- 7%
- $745,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $750,000
- Geo Method
- $620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $800,000
- Retail
- $720,000
- Mixed-Use
- $700,000
- Hospitality
- $610,000
- Educational
- $765,000
- Residential Income
- $635,000
- Energy
- $760,000
- Income-Based Land
- $760,000
- Food Service
- $780,000
Location Insight
- Map
- Local Demand
- City
- Victoria
- County
- Victoria
- State
- Texas
- Longitude
- -96.9924
- Latitude
- 28.829
- CBSA code
- 47020
- CBSA name
- VICTORIA, TX METROPOLITAN STATISTICAL AREA
