12387 State Highway 186

Office for Sale
Sale Pending
Catylist Listing ID: 30336022
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 5,030 SF
Gross Building Area: See Agent
Gross Land Area: 3.46 Acres
Sale Price: $225,000
Unit Price: $44.73 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/5/2020

Overview / Comments

In a designated Opportunity Zone. OZ can be great opportunity to defer capital gains taxes and other tax benefits to investors.

Elegant South Texas Country Home. Over 5,000 +/- sq. ft. of double brick walls, exterior and interior, 4 bedrooms, 4.5 baths, 3 car attached carport, 2 beautiful fireplaces, unbelievable setting on 3+ irrigated acres, covered with mature trees, Huge rooms for big family affairs. Breezeway hall on bedroom wing. The 10' ceilings expand the home even more. There is a very large formal dining room, huge living room, den, study, and more. The home was built in the 40's and has been occupied ever since. If you are looking for a unique and special home with monster possibilities, this one is for you. The French Chandelier from New Orleans in the dining room does go with the home. The 2 Turkish wrought iron doors also stay.

Additional Details

Nearest MSA: Raymondville
County: Willacy
Tax ID/APN: R0700-01-00030-011-0C-1
Property Visibility: Good
Highway Access: Located off State Highway 186 with easy access to Interstate Highway 69E.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,030 SF
Year Built: 1948
Roof Type: Other
Construction/Siding: Concrete
Air Conditioning: Other
Water Service: Other
Sewer Type: Septic
Legal Description: Lot 11C, Block 3, Raymondville Tract #1, approximately 3.5 acres (subject to survey) City of Raymondville, State of Texas.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,402 8,743 13,619
Median Age: 29.22 31.81 31.41
Households: 399 2,612 3,186


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