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$ 375,000
Est. payment /mo
Active
205 Highway 155 Avinger, TX 75630
2.18 Acres Lot
UPDATED:
Key Details
Property Type Commercial Building/Land
Sub Type Building
Listing Status Active
Purchase Type For Sale
Subdivision Tx
MLS Listing ID 25013896
Lot Size 2.180 Acres
Acres 2.18
Lot Dimensions irr
Property Sub-Type Building
Property Description
This well-established self-storage facility is conveniently located in Avinger, Texas, situated on State Highway 155 near the intersection with Highway 49. Positioned at the strategic crossroads of Lake O' the Pines, Jefferson, Hughes Springs, Linden, and Ore City, the property occupies over two acres with significant potential for growth. Currently operating at 60% occupancy, the facility offers 64 units ranging from 5x10 to 10x15, housed in two buildings constructed in 2000 and 2002. Enhanced security features include perimeter fencing and automated coded gate access, providing tenants with peace of mind. The spacious layout allows for easy maneuvering of trucks and trailers, adding to tenant convenience. An additional vacant acre offers ample opportunity for expansion, including the possibility of RV and boat storage to leverage the nearby lakes and surrounding communities. Managed through a fully integrated online platform with seamless payment processing and tenant services, the business runs smoothly and efficiently. With a current cap rate of approximately 7.4% based on the asking price and potential to increase to 15.2% by filling all units, along with additional income opportunities from developing the extra acre, this property presents a compelling investment. It's an ideal prospect for an owner ready to dedicate time and vision to unlock its full potential in this thriving East Texas market. The property has a new survey and is ready for its new owners!
Location
State TX
County Cass
Area Cass
Zoning Commercial
Exterior
View Y/N No
Building
Sewer Public Sewer
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Susan Jackson • Century 21 Platinum Partners
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