109 E. Price Road

Office for Sale
Catylist Listing ID: 29923335
Property Subtypes: Office Building
Building Size (RSF): 4,675 SF
Gross Building Area: 4,800 SF
Sale Price: $289,000
Unit Price: $61.82 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2018

Overview / Comments

Two suites in the building with private entrances and baths from a front entry foyer. The west side is approximately 2,800 sq. ft. and the east side is 1,200 sq. ft. plus common 500 sq. ft. of stg/garage. The balance of the building is in hall, kitchen and break room. There are separate air conditioners and one meter for the building. All phones and internet equipment stay with the bldg. Rear concrete parking and rear entrance to a common hall through a paved alley. The west side office has an additional handicaped bathroom. The owner is a licensed real estate broker in Texas. There is a front lite pole sign. Smaller space is month to month if the buyer needs the whole building. 4,800 sq. ft.+ -. The east side is currently leased for $1,400 a month.

The property could be a one tenant building with minimum modifications. The office on the east could be the administrative side of a medical office with the west side for patients, exam rooms etc. An owner can use one side and lease the other side to offset cost until they need the entire building. The area is a good professional area with mixed attorneys, doctors, engineers, general office. There is a huge medical clinic several blocks to the east. The east side is leased for $1,400 a month and the west side is available for $2,200 a month. Call the listing broker for office showings. Good price per square foot and for the location. Sell it.

Additional Details

Nearest MSA: Brownsville-Harlingen
County: Cameron
Taxing Authority: Cameron County Appraisal District
Property Located Between: Old Port Isabel Road and FM 48 (International Blvd. to the Port
Property Visibility: Good
Site Description: Free standing building on a large lot. Large concrete rear parking and asphalt front parking
Area Description: General commercial area. Medical, churches, professional offices, neighborhood retail. Nice commercial area for Brownsville.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1975
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Glass front door with alcove to 2 units, east and west side. East is leased, West is available for lease at $2200 a month. Front and rear parking
Parking Type: Surface
Parking Description: Front and rear. the rear parking has access through a paved alley.
Total Parking Spaces: 18
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Interior Description: The electric central Air and heat system has two units and serve the whole building.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,059 126,868 182,715
Median Age: 30.37 30.25 29.51
Households: 5,040 37,212 51,681


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