110 E Jones St., Beeville, TX 78102

Jan 24, 2025

$ 199,000.00
Off-Market Office Building just 1 Hour from Corpus Christi, Padre Island, etc!

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  • Property ID: 51837
  • Post Updated: 2025-01-24 14:20:49
  • ARVE: ~$350,000++
  • Area: 4223 sq ft
  • Lot size: 40424 sq ft
  • Year built: 1965
  • Type:
  • Status:

Description

Office Building on ~1 Acre with Lots of Parking! Just needs cosmetic updating. Roof and HVAC replaced in 2020.

Cross-streets: Bus 181 & Rte 59
Sq Ft: 4,223 s.f.
Lot Size: 40,424 s..f.
Year Built: 1965
APN: 11965; Bee County
Access: Vacant and Available to View – Call/ E-mail/Text for Access

Features/Amenities:

  • Office Building Size: 4,223 s.f.
  • Lot Size: 40,424 s.f. (0.93 Acre)
  • Year Built: 1965
  • Tenancy: Single (currently vacant)
  • 12 Offices Inside + 2 Conference Rooms, 4 Unisex Bathrooms
  • Building Height:1 Story
  • Parking: 23 Spaces (5.45 Spaces per 1,000 s.f. Leased)
  • HVAC replaced 2020; Roof redone 2020.
  • APN/Parcel ID: 11965, Bee County

Market Rent Potential:  $3,000/mo
7% Cap Rate yields value of:

  • $3,000 x 12 months = $36,000
  • Deduct 30% expense ratio for taxes, insurance, etc. $36k * 70% = $25.2k
  • 25,200 / 0.07 cap rate = $360,000 Value

View on map / Neighborhood

This style property is located in Beeville is currently and has been listed on True Freedom Achievers. This property is listed at $ 199,000.00. It has bedrooms, bathrooms, and is 4223 sq ft. The property was built in 1965 year.

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