1609 Richmond Rd Wharton, TX 77488

Property Details for 1609 Richmond Rd

Year built

1972

Lot size

0.55 lot acres

Property size

5,580 SF

Property type

Commercial real estate

APN

11495

APU

11495

Description

Exceptional investment opportunity: This 5,403 square foot, single-story office building in Wharton, Texas, is ideally situated near the intersection of Texas Business 60/Business 59 and FM 1301, boasting a high daily traffic count of 12,000 vehicles. The property features three tenants, including Enterprise Rent-A-Car, under a net lease with corporate guarantees. The building comprises four units, offering a mix of office spaces. The main office area encompasses approximately 3,400 square feet, including a lobby, conference room, ten individual offices, a break room, and a supply room. Three additional offices with separate entrances provide further flexibility. Ample parking is available with 25 spaces in front and 10 covered spaces at the rear. The building underwent significant renovations in 2020 and 2021, including new flooring, wall and ceiling texturing, baseboards, windows in the front offices and lobby, a new roof, and four new HVAC units. Further improvements in 2021 included new flooring, paint, wall and ceiling textures, doors, electrical plugs, switches, and covers in additional units. The parking lot was repaved in September 2022. The 0.55-acre lot is located approximately one mile from US 59/I-69, offering convenient access to major transportation routes. The FM 1301 extension is currently under construction, promising even greater accessibility upon completion. This Class C building, constructed in 1972, presents a strong owner/user investment opportunity with significant recent improvements and a stable tenant base. Asking price is $525,000.

Location Insight

City

Wharton

County

Wharton

State

Texas

Longitude

-96.0977

Latitude

29.3253

CBSA code

20900

CBSA name

EL CAMPO, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments