415 Main St Belton, TX 76513-3164

Property Details for 415 Main St

Year built

1972

Lot size

0.40 lot acres

Property size

2,962 SF

Property type

Commercial real estate

APN

47471

APU

47471

Description

This exceptional mixed-use property, located at 415 N Main St, Belton, TX 76513, presents a compelling investment opportunity. The 4,378 square foot building, constructed in 1972, sits on a 0.396-acre lot and boasts a 100% occupancy rate across five tenants. The property includes storefront retail space, traditional office space, and storage units, offering diverse income streams. The current lease structure is gross, with multiple tenants currently in place. Retail lease terms are in place for the next two years, with the storage unit lease expiring November 30, 2023, and the residential lease renewed June 30, 2023. All tenants have expressed interest in renewal, providing potential for long-term stability. The property features 15 parking spaces and benefits from recent upgrades, including a four-year-old roof, HVAC units aged six and eight years, and water heaters less than five years old. The retail tenant recently invested approximately $100,000 in renovations. Annual insurance costs are approximately $5,500. Owner financing is available with 25% down and a five-year balloon payment on a 30-year amortization at 8.49% interest. This prime location on Main Street in downtown Belton offers significant potential for future growth and appreciation. The property's diverse tenant mix and strong occupancy rate make it an attractive investment for owner-users seeking a stable and high-yielding asset.