1802 Pinewoods Way Spring, TX 77386
This exceptional 3,950 square foot mixed-use property, situated on a 1.22-acre corner lot in Spring, Texas (77386), presents a compelling value-add investment opportunity. The property boasts two buildings, totaling 3,950 square feet, built in 1967 and renovated in 2017. The main structure includes a substantial 1,650 square foot workshop featuring four bay doors, an office, and a half-bath. Above the workshop is a 1,200 square foot, income-generating two-bedroom, one-bathroom apartment. The property also features an in-ground pool with a waterfall. A significant advantage is the modern 1,000-gallon-per-day aerobic septic system installed in 2022. The property is conveniently located one block from Rayford Road, offering excellent accessibility. The upper floor (34x37 sq ft) provides a blank canvas for customization. The property's zoning allows for flexible use, making it suitable for various commercial ventures or a large residential conversion. Please note that recent storm damage (June 2024) may not be fully reflected in the provided photos
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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