3500 Pkwy St, Groves, TX 77619-4521
- Auto shops
- 9,578 SF
- 0.46 lot acres
Current Use by Public Records
- Auto shops
Property Details for 3500 Pkwy St
- Year built
- 1975
- Lot size
- 0.46 lot acres
- Property type
- Auto shops
- APN
- 049402-000-016700-00000
- APU
- 4940200001670000000
Description
This exceptional investment opportunity presents a 10,578-square-foot industrial property located at 3500 East Parkway, Groves, TX 77619. The property, classified as Class B, is a single-tenant building situated on a 0.46-acre lot and zoned C-2. Currently 100% occupied by Baker Distribution Company, a Watsco Business Unit – the largest distributor of HVAC/R equipment – this property offers a stable income stream. The building features four loading docks, providing efficient logistics. The lease is a modified agreement with a single tenant and includes annual rent increases of 3%. The landlord is responsible for roof and structural maintenance, property insurance, and the remaining taxes after a $3,000 tenant contribution. The tenant is responsible for all other maintenance. This well-maintained property is strategically located on Highway 73, offering excellent accessibility and visibility. The asking price for this turnkey investment is $750,000. This represents a strong opportunity to acquire a high-quality industrial asset with a reliable, long-term tenant in a thriving industry. The property's strong tenant and location make it an attractive investment for those seeking stable returns and long-term growth potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Groves
- County
- Jefferson
- State
- Texas
- Longitude
- -93.917
- Latitude
- 29.9416
- CBSA code
- 13140
- CBSA name
- BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA
