1701 4th St Cameron, TX 76520
- Commercial real estate
- 28,143 SF
- 3.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1701 4th St
- Year built
- 1976
- Lot size
- 3.16 lot acres
- Property size
- 28,143 SF
- Property type
- Commercial real estate
- APN
- R28352
- APU
- R28352
Description
Invest in Milam Plaza, a 18,685 square foot shopping center in Cameron, Texas. This single-story, 1976-built property sits on a 2.06-acre lot at 1701 W 4th St, 76520, boasting excellent visibility and frontage along US Highway 190, experiencing traffic exceeding 13,000 vehicles daily. Currently anchored by Dollar General, the center offers a significant value-add opportunity with 7,718 square feet of adjacent vacant space. The asking price is $690,000 ($36.93/sq ft), presenting a 3.31% cap rate with a pro-forma cap rate of 14.42%. The current NOI is $22,871, projected to increase to $99,468. The property features a well-maintained parking lot and roof, multiple ingress/egress points, and benefits from its proximity to Brookshire Brothers Grocery Store, the town's dominant grocer. The current occupancy is 58.69%. This property presents a compelling investment opportunity for those seeking to capitalize on a strong retail location with significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Cameron
- County
- Milam
- State
- Texas
- Longitude
- -96.99
- Latitude
- 30.856