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407 E Orange Ave
Orange Grove, TX 78372

$350,000 USD

Drugstore For Sale  •  3,000 SF

Property Details

• Property Type Drugstore
• Total Building Size 3,000 SF
• Lot Size 1.16 AC
• Building Class C
• Year Built 2000
• Cap Rate 11.05 %
• Tenancy Single

0 Transit Score

41 Walk Score

Highlights

Redevelopment Opportunity – The building occupies ±3,000 Square Feet and sits on ±1.16 acres. The estimated market rent is $16-$20/SF, per CoStar

Proximity to Schools – Nearby schools include Orange Grove High School (558 students), Orange Grove Junior High (400 students)

Future Development Plans – Orange Grove Solar Project by Enbridge Inc. This project is set to generate 130 megawatts (MW) of clean energy

Ideal Investment – Offering price per square foot is $117/SF. The rent per square foot is $12.90/SF, while the market average is $18/SF

Income Tax-Free State – Subject property is located in the state of Texas, one of nine states that offers no state income tax.

Property Flyers

Former-Crawford-Pharmacy-Orange-Grove-TX-OM-PP

Cap Rate:

11.05 %

Public Transportation

Airport	Drive	Walk	Distance
Corpus Christi International	44 min	-	36.5 mi