Under contract
$2,400,000
Address withheld by seller
TX
- 0 beds
- 0 baths
- 0.82 acres
Listing courtesy of MAG Real Estate LLC · (210) 209-8161 · MLS# 9504732 · Status: Active Under Contract
About this home
Exceptional Investment Opportunity in the Heart of Kyle, Texas! This 7,000± square foot commercial building is fully leased to a long-term tenant, offering immediate cash flow with a 7.0% cap rate and annual 2% rent increases. The tenant has occupied the property since 2018, has an excellent payment history, and is currently in a long-term lease, making this a turnkey investment opportunity. Originally designed as a childcare center, the property offers a flexible layout with spacious classrooms, multiple restrooms, administrative offices, and a large commercial kitchen area. A fully fenced outdoor playground with existing playground equipment provides additional value for childcare, educational, or specialty uses should the property ever become available for owner occupancy. One of the property's hidden gems is the walk-up attic, providing an expansive storage area of nearly half the size of the main building, offering exceptional storage rarely found in commercial properties. Situated in a well-established professional office complex surrounded by medical and professional businesses, the property enjoys excellent visibility, convenient access, and a prime location just minutes from Interstate 35. The tenant is responsible for many day-to-day property expenses, creating a low-maintenance investment with attractive long-term income potential. Whether you're completing a 1031 exchange, expanding your investment portfolio, or seeking a quality commercial asset in one of Central Texas' fastest-growing markets, 207 Elmhurst is an opportunity you won't want to miss.
Description provided by the listing brokerage.
Facts
- Property type
- Commercial Sale · Business
- Year built
- 2007
- Lot size
- 0.82 acres
- Stories
- 1
- Annual taxes
- $27,827
- County
- Hays
- Neighborhood
- 800 Goforth Square
Features
- Sewer
- Public Sewer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Concrete
- Utilities
- Electricity Connected, High Speed Internet, Phone Available, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
- Water
- Public
- Parking
- Additional Parking
- Foundation
- Slab
- Energy efficiency
- None
- Accessibility
- Adaptable Bathroom Walls, Accessible Entrance, Accessible Kitchen, Accessible Kitchen Appliances, Visitor Bathroom, Accessible Washer/Dryer
- Construction
- Stone
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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