1768 Fm 2673, Canyon Lake, TX 78133-4768
- Retail space
- 3,676 SF
- 0.39 lot acres
Current Use by Public Records
- Retail space
Property Details for 1768 Fm 2673
- Year built
- 1988
- Lot size
- 0.39 lot acres
- Property type
- Retail space
- APN
- 74-0219-0070-00
- APU
- 740219007000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 4, 2015 | — | Terry Bickerton | Larry B Lehr | Warranty Deed | $290k · Southstar Bk Ssb |
| Jun 20, 2006 | — | Larry B Lehr | Dbbs LLC | Warranty Deed · related | — |
| Jun 10, 2004 | — | Dbb | Holt Investments | Warranty Deed · related | $222k · State Bank |
Description
Sunshine Plaza, located at 1768 FM2673 in Canyon Lake, Texas, presents a compelling investment opportunity. This 6,086 square foot shopping center boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $111,600, resulting in an attractive 8.50% capitalization rate. The asking price for this property is $1,312,941.18. Built in 1988 and extensively renovated in 2023, the single-building center sits on a 0.59-acre lot. Its prime location on a high-traffic highway corner offers exceptional visibility and accessibility. Furthermore, the property benefits from its close proximity to key attractions such as the Whitewater Amphitheatre, Horseshoe on the River, and Canyon Lake itself, ensuring a consistent flow of potential customers. This well-maintained and highly profitable retail center represents a rare opportunity to acquire a stable, income-producing asset in a desirable Texas location. The property is zoned for retail use and offers significant potential for future growth and appreciation. The property's strong performance and strategic location make it an ideal addition to any investment portfolio.
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Location Insight
- Map
- Local Demand
- City
- Canyon Lake
- County
- Comal
- State
- Texas
- Longitude
- -98.1775
- Latitude
- 29.8481
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
