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902 US Highway 181 1,575 SF 100% Leased Office Building Portland, TX 78374 $837,552 CAD ($531.78 CAD/SF)
EXECUTIVE SUMMARY
Perfectly situated on US Highway 181 in fast growing Portland, Texas, 902 US Hwy 181 stands ready for the next property owner. With 38,014 AADT on Highway 181 and 9,640 vehicles daily on the feeder road, this 0.30 acre site sports 13 parking spaces & multiple entries onto the concrete parking lot. Fully occupied, the new owner will continue to enjoy rental income monthly from Suite A through 2/28/2027 & Suite B through 2/2/2025. Located in Portland's exciting new Leisure & Entertainment District, the time could not be better for purchasing real estate in this coveted neighborhood. The enhanced zoning will draw more people as this part of town continues to enjoy Farmer's markets, unique gatherings, concerts & scenic attractions. Land & Building are for sale. Property sold subject to the existing leases. Please contact your real estate professional today to show you this rare find with amazing visibility along a South Texas major artery! Income & appreciation delivered at 902 HWY 181!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,575 SF
Building Class
B
Year Built
2001
Price
$837,552 CAD
Price Per SF
$531.78 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,575 SF
Building FAR
0.12
Lot Size
0.31 AC
1 1
PROPERTY TAXES
| Parcel Number | 71487 | Improvements Assessment | $457,560 CAD |
| Land Assessment | $59,111 CAD | Total Assessment | $516,671 CAD |
PROPERTY TAXES
Parcel Number
71487
Land Assessment
$59,111 CAD
Improvements Assessment
$457,560 CAD
Total Assessment
$516,671 CAD
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902 US Highway 181
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