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Rene Solis

rene@renesolis.com +1(361) 232-7308

$ 289,900

Est. payment | -/mo

7,700 SqFt

Save Virtual Tour

$ 289,900

Est. payment | -/mo

Save Virtual Tour

7,700 SqFt

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 7,700 sqft

Price per Sqft $37

Subdivision Portland-Portland Tier F

MLS Listing ID 479726

HOA Y/N No

Year Built 1966

Lot Size 0.490 Acres

Acres 0.49

Property Sub-Type Industrial

Property Description

A block from Portland's NEW 5th & ELM venue in Olde Town, 59 total units make this a great INVESTOR selection, not too large, not too small. Currently it boasts a 90% OCCUPANCY rate, and 10.8% CAP rate from 2025 annual numbers. Most of the tenants have been here for years. With 53 cinder-block units and 6 Trailer units, there is a good variety from small storage to units at 10x10', 10x20', and 10x30' options. Best of all, the maintenance and upkeep is a breeze: there is electricity on the property for security lights, but no water, no climate-controlled units or HVAC systems to maintain, no gas, no open storage. Just simple storage, management, and income made easy, with room to see rent increases over time.

Location

State TX

County San Patricio

Community Curbs, Gutter(S), Sidewalks

Interior

Interior Features Storage

Heating None

Cooling None

Fireplace No

Exterior

Exterior Feature Storage

Parking Features Concrete

Community Features Curbs, Gutter(s), Sidewalks

Utilities Available Sewer Not Available, Water Not Available

Roof Type Other

Building

Lot Description Corner Lot, Level

Story 1

Entry Level One

Foundation Slab

Sewer None

Water None

Level or Stories One

New Construction No

Others

Tax ID 70743

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Virtual Tour https://www.propertypanorama.com/instaview/cor/479726

Corpus Christi/Coastal Bend (CCMLS) - South Texas MLS

Listed by Cass Real Estate • Brenton Reagan

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(361) 232-7308

rene@renesolis.com

Learn More About LPT Realty

401 7th ST Portland, TX 78374