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Unique investment opportunity in prominent location on the square in Center, TX. Newly renovated Class A office space with above standard finish and beautiful contemporary and rustic architecture. PD Zoning. 7.78% Cap Rate. Prominent location; High visibility. Newly Renovated. Ground Floor Office & Upstairs Call Center: -5,057sf -Leased to Johnstone Brokerage Services -New 5 year term commencing 2024 -NNN lease. Vacant apartment: -1,415sf -Additional income opportunity for residential tenant or AirBnB/VRBO -2 bedroom, full bath, full kitchen, laundry, living/dining area -Could be converted to additional office space
DAYS ON MARKET | 120 | LAST UPDATED | 1/10/2024 |
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YEAR BUILT | 1970 | COUNTY | Shelby |
STATUS | Active | PROPERTY TYPE(S) | Commercial |
ADDITIONAL DETAILS | |
CONSTRUCTION | Brick, Stone |
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LOT | 4312 sq ft |
LOT DIMENSIONS | 0.099ac |
PARKING | Off Street |
ZONING | Other/See Remarks |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Mitchell NeJame, Drake Real Estate & Investments
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