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1609 N Richmond Rd 5,580 SF Office Building Wharton, TX 77488 $663,062 CAD ($118.83 CAD/SF)
INVESTMENT HIGHLIGHTS
- Corner lot on FM 1301 extension to I-69.
- 1301 Extension is fully operational to I-69. Provides easy access with 3 minutes to interstate.
- Current long term tenant: Enterprise Rent A Car
EXECUTIVE SUMMARY
5403 sqft. office building. Interior completely remodeled in 2020 and 2022 including new roof and HVAC units. Positioned at the high-traffic junction of Texas Business 60/Business 59 and FM 1301. The FM 1301 extension construction is complete and fully operational. This development provides quick access to I 69 which makes this property a prime location as it's convenient and the exposure to traffic dramatically increases.
3400 sqft. with lobby, kitchen, conference room, 10 offices, 3 half baths, and supply room.
Approximately 1,200 sqft. of building is occupied by Enterprise who are on a long term lease and provide security of rent payments to ownership. Their space includes 3 additional offices with a separate entrance and half baths.
Enterprise and one office space are currently generating 1500. per month in lease income.
25 front parking spaces. 10 covered parking spaces behind the building in addition to garage parking.
Possibilities are endless as the large lot allows ample room for expansion.
3400 sqft. with lobby, kitchen, conference room, 10 offices, 3 half baths, and supply room.
Approximately 1,200 sqft. of building is occupied by Enterprise who are on a long term lease and provide security of rent payments to ownership. Their space includes 3 additional offices with a separate entrance and half baths.
Enterprise and one office space are currently generating 1500. per month in lease income.
25 front parking spaces. 10 covered parking spaces behind the building in addition to garage parking.
Possibilities are endless as the large lot allows ample room for expansion.
DATA ROOM Click Here to Access
- Operating and Financials
- Miscellaneous
PROPERTY FACTS
Sale Type
Owner User
Property Type
Building Size
5,580 SF
Building Class
C
Year Built/Renovated
1972/2023
Price
$663,062 CAD
Price Per SF
$118.83 CAD
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,580 SF
Building FAR
0.23
Lot Size
0.55 AC
Opportunity Zone
Yes
Parking
25 Spaces (4.63 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | R011495 | Improvements Assessment | $550,682 CAD |
| Land Assessment | $460,162 CAD | Total Assessment | $1,010,844 CAD |
PROPERTY TAXES
Parcel Number
R011495
Land Assessment
$460,162 CAD
Improvements Assessment
$550,682 CAD
Total Assessment
$1,010,844 CAD
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1609 N Richmond Rd
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