320 Twin City Hwy Port Neches, TX 77651
- Commercial real estate
- 5,600 SF
Current Use by Public Records
- The Paws Resort & Spa / Pet Boarding Service / Dog Trainer
Property Details for 320 Twin City Hwy
- Property size
- 5,600 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 5,600 square foot mixed-use building located at 320 Twin City Highway in Port Neches, Texas, 77651. Currently operating under a gross lease with a remaining term of approximately 1.1 years, the property boasts a 100% occupancy rate and a strong net operating income (NOI) of $27,000, yielding a 5.29% capitalization rate. The single-story building sits on a sizable 35,632 square foot lot and includes 25 parking spaces. The property is zoned for medium-density business use, offering flexibility for a variety of commercial ventures. The current lease commenced January 1, 2021, and expires December 31, 2025. The property's strategic location on Twin City Highway ensures high visibility and convenient access. This is a net lease investment with no tenant credit rating available. The asking price for this well-maintained Class B property is $510,000. Ownership is held by Wheelhouse Pompano Property LLC. The property has been occupied since July 14, 2016.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port Neches
- County
- Jefferson
- State
- Texas
- Longitude
- -93.95644032119
- Latitude
- 29.952776114752
