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2302 E Adams Ave 4,470 SF Retail Building Temple, TX 76501 $530,172 CAD ($118.61 CAD/SF) 7.90% Cap Rate
Investment Highlights
- Tons of parking
- Open floor plan
- Multi use property
Executive Summary
This property offers a unique opportunity for entrepreneurial visionaries, With nearly 4,500 square feet of adaptable space on an unrestricted acre zoned for commercial use. With all utilities already on site and fully operational, buyers can focus on customizing the space to their needs. Recent upgrades, including a new roof, comprehensive spray foam insulation, new doors and windows, and a fresh coat of exterior paint, enhance the building’s appeal and functionality. Tenant has made substantial improvements and would desire to continue their lease long term. The owner, a licensed Texas real estate agent, ensures that all information is reliable, though prospective buyers are encouraged to verify details independently.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,470 SF
Building Class
B
Year Built/Renovated
1985/2023
Price
$530,172 CAD
Price Per SF
$118.61 CAD
Cap Rate
7.90%
NOI
$41,884 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.00 AC
Zoning
C
Parking
8 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
140’ on E Adams Ave
Amenities
- Pylon Sign
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 41552 | Improvements Assessment | $84,131 CAD |
| Land Assessment | $58,473 CAD | Total Assessment | $142,604 CAD |
Property Taxes
Parcel Number
41552
Land Assessment
$58,473 CAD
Improvements Assessment
$84,131 CAD
Total Assessment
$142,604 CAD
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2302 E Adams Ave
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