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2918 N Richmond Rd
Wharton, TX 77488
Wharton Vacant Industrial · Office Property For Sale
Investment Highlights
- Priced well below replacement cost at $101 psf
- Lack of industrial & office supply nearby - 300k sf within 3 miles at 98.1% Occupancy
- Two buildings (4,508 sf industrial / office and 2,400 sf warehouse) - Warehouse building has 240v power
- Large 2.63 Acre lot which equates to $6.11 Psf land cost
- Excellent visibility and ingress - 3 points of access and Ample parking & storage - 10,900 sf of concrete driveway
- Owner spent approximately $150,000 in 2020 building the warehouse building and renovating the main building
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the property located at 2918 N. Richmond Road, Wharton, Texas (the "Property"). The Property is currently unoccupied and priced well below replacement cost at $101 PSF.
The Property sits on 2.63 Acres of land, which comes out to just $6.11 PSF on the land cost. That much land allows an owner-user or investor many options on what to do with the site. There is a lack of industrial and office supply in the immediate area. Within 3 miles of this site, there is just under 300,000 SF of industrial and office with 98.1% occupancy.
The Property sits on 2.63 Acres of land, which comes out to just $6.11 PSF on the land cost. That much land allows an owner-user or investor many options on what to do with the site. There is a lack of industrial and office supply in the immediate area. Within 3 miles of this site, there is just under 300,000 SF of industrial and office with 98.1% occupancy.
Property Facts
Sale Type
Investment
Property Type
Building Size
6,908 SF
Building Class
B
Year Built/Renovated
1968/2020
Price
$955,087 CAD
Price Per SF
$138.26 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
6,908 SF
Building FAR
0.06
Lot Size
2.63 AC
Opportunity Zone
Yes
Parking
32 Spaces (4.63 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | R051784 | Improvements Assessment | $617,824 CAD |
| Land Assessment | $184,480 CAD | Total Assessment | $802,304 CAD |
Property Taxes
Parcel Number
R051784
Land Assessment
$184,480 CAD
Improvements Assessment
$617,824 CAD
Total Assessment
$802,304 CAD
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