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202 W 3rd Street

Hale Center, TX 79041
  • $750,000
  • STATUS: Active
  • ON SITE: 145 Days
  • MLS #: 202204254
UPDATED: 201 min ago
$750,000
  • 0
    BEDS
  • 2.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,778
    SQFT
  • $51
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Great investment property in Hale Center, Texas! The property has almost 15,000 square feet of space that had approximately $300,000 of improvements in 2016 and then another $130,000 in the last year. It currently houses a boys foster care facility with 22 rooms, nice kitchen, dining room, recreation room, basement, several other rooms that are used for offices, break rooms, storage, etc. It spans the entire city block and also includes the old Hale Center Hospital. The current tenants have a triple net lease through July 2024 and would like to keep the lease in place. This property carries an 8% net cap rate! Put your money to work and don't miss this great opportunity!!

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© 2022 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-09-24T23:59:03.683.
www.taylorreid.com/homes/128276736
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202 W 3rd Street Hale Center, TX 79041

  • Price: $750,000
  • Status: Active
  • On Site: 145 Days
  • Updated: 201 min ago
  • MLS #: 202204254
0
Beds
0
Baths
0
½ Baths
2.57
Acres
14,778
SQFT
$51
$/SQFT
Neighborhood:
Hale County
County:
Hale
Area:
Hale County
Elementary School:
Akin
Middle School:
Carr
High School:
Hale Center
School District:
Hale Center Isd
Property Description
Great investment property in Hale Center, Texas! The property has almost 15,000 square feet of space that had approximately $300,000 of improvements in 2016 and then another $130,000 in the last year. It currently houses a boys foster care facility with 22 rooms, nice kitchen, dining room, recreation room, basement, several other rooms that are used for offices, break rooms, storage, etc. It spans the entire city block and also includes the old Hale Center Hospital. The current tenants have a triple net lease through July 2024 and would like to keep the lease in place. This property carries an 8% net cap rate! Put your money to work and don't miss this great opportunity!!
Exterior Features

Foundation Details Slab Garage Spaces 0 Number Of Floors 0 Number Of Overhead Doors 0 Number Of Parking Spaces 0 Road Frontage City Roof Composition Streets Paved

Interior Features

Ceiling Height 0 Cooling Central Electric Floor Covering Vinyl/Vct Heating Central Gas

Property Features

Crops No Lot Size Source (Tax Data) Minerals Available No Miscellaneous BasementConference RoomCooler/FreezerFencedFire SprinklerKitchen/Break RoomLandscapedPaved ParkingSecurity System Occupied Yes Property Sub Type Special Purpose Proposed Financing CashConventional Security Deposit 0 Specific Use Yes Tax Annual Amount 8531.7 Utilities City SewerElectricityavailableNaturalgas AvailableTelephone Wells 0

Listing provided courtesy of Kimberlyn Street of Street Real Estate: . Listing information © 2022 Lubbock Association of REALTORS® MLS.


© 2022 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-09-24T23:59:03.683.
 
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Taylor Reid Realty
11907 Frankford Ave.
Lubbock TX, 79424