Property Listing No Longer Available for Sale

101 Heinrich, Schulenburg, TX

Land for Sale - $149,827 - 35,000 Sq. Ft.


Property Info

CIMLS#109448
Location
  101 Heinrich
  Schulenburg TX 78956
UpdatedMarch 15th, 2010
TypeLand
Price$149,827
Building35,000 Sq. Ft.

Property Description

Coldwell Banker Commercial Southwest Partners and Bubela Texas Properties are proud to be the exclusive representatives for the Mid-Cities Park, a tremendous retail and investment opportunity. The Mid-Cities Park tracts range from $99,941 to $1,268,684 priced from $1.50 to $5.34 SF.

This offering is for Tract 1 at $149,827 or $4.28 SF. It has 35,000 SF and is the first tract at entrance from US Highway 77 (Kessler Avenue) on south side of Heinrich Street. Tract 1 offers approximately 105’ of frontage.

It is located at Exit 677 for Interstate 10 and US Highway 77, midway between Houston and San Antonio.

6% buyer broker commission.

PROPERTY WEBSITE

The property website is: http://www.cbcmaster.com/midcities/

If the link does not directly connect due to security settings on your computer or due to other opportunities, just copy and paste it into your web browser. Feel free to call or email us for technical assistance.

HIGHLIGHTS

(1) Join Best Western, Holiday Inn Express, Sonic, Subway, Valero and Whataburger at this tremendous location at exit # 677 on Interstate 10 and US 77 in Schulenburg, Texas.

(2) This offering of 35,000 SF at $149,827 or $4.28 SF is the first tract at entrance from US Highway 77 (Kessler Avenue) on south side of Heinrich Street with approximately 105’ of frontage.

(3) 41,000 estimated average daily traffic projected to grow to 53,875 in five years.

(4) All city utilities in place with build to suit, alternative tract sizes and additional acreage available.

(5) Adjacent 17.866 acres just listed appears ideal for WalMart, Lowe’s, Home Depot, HEB and other big box footprints.

(6) # 1 absolute best rural County to live in Texas and #7 absolute best rural County to live in US based on 2009 annual poll by The Progressive Farmer.

(7) Great location: 67 mi. to Seguin, 68 mi. to Katy, 80 mi. to New Braunfels, 90 mi. to Austin, 96 mi. to Houston and 102 mi. to San Antonio.

(8) Unmet GAFO demand: $4.4M+ ($1,090 per resident) at 5-mi.; $18M+ ($2,127 per resident) at 10-mi.; $58M+ ($1,714 per resident) at 20-mi.; and $131M+ ($2,047 per resident) at 30-mi.

(9) Unmet retail demand average top 10 opportunities: $2.3M+ ($568 per resident per year) at 5-mi.; $4.3M+ ($493 per resident per year) at 10-mi.; and $13.8M+ ($417 per resident per year) at 20-mi.

(10) Top 10 Fayette County unmet retail opportunities in rank order: General Merchandise; Department Stores (excluding leased departments); Home Centers; Health & Personal Care including pharmacy, optical shop, beauty salon, etc. (excluding medical and hospital); Foodservice & Drinks; Clothing & Accessories; Electronics & Appliances; Furniture & Home Furnishings; Warehouses & Super Stores; and Computers & Software.

(11) Outstanding schools receiving distinguished GreatSchools Rating of 8 out of 10 with grades PK-6 tied for # 4 of 31 schools and grades 7-12 tied for # 5 of 27 schools within a 30-mile radius.

(12) Enviable quality of life with a low cost of living, child friendly safety, stable family environment, very low unemployment and moderate weather.

(13) Strong $600M+ County economy growing at 5.2% per year benefitting from outstanding location, low unemployment, and outstanding demographic and econometrics that provide excellent recession resistance.

(14) Compared to all adjacent Counties, Fayette County ranks # 1 in many key indicators including: lowest unemployment; highest average consumer spending; home values of $300K and higher; highest % growth in household income; highest % growth in after tax income, and highest % growth in $150K+ households.

(15) Currently ranked # 2 or # 3 compared to all adjacent Counties in average household income, $100K+ households, $150K+ households. By 2013, Fayette County will be # 1 in these key wealth indicators.

(16) Compared to the 7 largest Texas Counties, Fayette County ranks # 1 in: lowest unemployment rate. % residents in top wealth generating age group (45 to 64); % growth in after tax household incomes; % growth in average household incomes; and % growth in $100K+, $150K+ and $250K+ households.

CONTACT INFORMATION

Call 979.421.9996 to contact any member of the listing team to set up an appointment, request additional information or answer any questions.

6% BUYER BROKER COMMISSION

A buyer broker MUST be disclosed with the buyer’s first communication with CBC for the buyer broker to be eligible for the buyer broker commission.

A buyer broker does NOT have to accompany their buyer to any property showings.

OFFERING

The Mid-Cities Park tracts range from $99,941 to $1,268,684 priced from $1.50 to $5.34 SF.

This offering is for Tract 1. It has 35,000 SF and is the first tract at entrance from US Highway 77 (Kessler Avenue) on south side of Heinrich Street. Tract 1 offers approximately 105’ of frontage.

Aggressively priced to sell now at $149,827 or $4.28 SF.

Tracts available:

(1) Tract 1.

a. Square feet. 35,000 estimated.

b. $ SF. $4.28.

c. Frontage. 105’.

d. Price. $149,827.

e. Description. First Tract at entrance from US Highway 77 (Kessler Avenue) on south side of Heinrich Street.

(2) Tract 2.

a. Square feet. 43,560 estimated.

b. $ SF. $3.43.

c. Frontage. 136’ estimated.

d. Price. $149,542.

e. Description. Second Tract from entrance from US Highway 77 (Kessler Avenue) on south side of Heinrich Street.

(3) Tract 3.

a. Square feet. 54,450 estimated.

b. $ SF. $2.74.

c. Frontage. 187’ estimated.

d. Price. $149,370.

e. Description. Third Tract from entrance from US Highway 77 (Kessler Avenue) on south side of Heinrich Street.

(4) Tract 4.

a. Square feet. 87,949 estimated.

b. $ SF. $2.84.

c. Frontage. 85’ estimated.

d. Price. $249,338.

e. Description. Corner Tract at intersection of entrances from Interstate 10 access Road and US Highway 77 (Kessler Avenue).

(5) Tract 5.

a. Square feet. 54,450 estimated.

b. $ SF. $3.66.

c. Frontage. 240’ estimated.

d. Price. $199,160.

e. Description. Third tract from the entrance off Interstate 10 access road on east side of Second Avenue.

(6) Tract 6.

a. Square feet. 43,560 estimated.

b. $ SF. $4.44.

c. Frontage. 171’ estimated.

d. Price. $193,412.

e. Description. Second tract from the entrance off Interstate 10 access road on east side of Second Avenue.

(7) Tract 7.

a. Square feet. 35,000 estimated.

b. $ SF. $5.09.

c. Frontage. 188’ estimated (138’ estimated on Second Avenue and 50’ estimated on I 10 Frontage Road).

d. Price. $178,034.

e. Description. First tract from the entrance off Interstate 10 access road on east side of Second Avenue.

(8) Tract 8. SOLD.

(9) Tract 9.

a. Square feet. 65,340 estimated.

b. $ SF. $5.34.

c. Frontage. 202.76’ estimated.

d. Price. Reduced from $490,040 to $349,205.

e. Description. Directly on Interstate 10 Frontage Road (Huser Drive) between newly opened Best Western and new Holiday Inn Express under development.

(10) Tract 10.

a. Square feet. 24,293 estimated.

b. $ SF. $4.11.

c. Frontage. 200.01’ estimated.

d. Price. $99,941.

e. Description. First available tract on north side of Heinrich Street from the US Highway 77 (Kessler Avenue) entrance.

(11) Section A.

a. Square feet. 89,633 estimated.

b. $ SF. $5.01.

c. Frontage. 402’ estimated.

d. Price. $449,147.

e. Description. Tracts 9 and 10 combined.

(12) Section B.

a. Square feet. 133,010 estimated.

b. $ SF. $4.29.

c. Frontage. 599’ estimated.

d. Price. $570,606.

e. Description. Tracts 1, 2, 3 and 4 combined.

(13) Section C.

a. Square feet. 220,959 estimated.

b. $ SF. $3.16.

c. Frontage. 513’ estimated.

d. Price. $698,078.

e. Description. Tracts 5, 6 and 7 combined.

(14) Section D.

a. Square feet. 353,969 estimated.

b. $ SF. $3.58.

c. Frontage. 1,112’ estimated.

d. Price. $1,268,684.

e. Description. Tracts 1, 2, 3, 4, 5, 6 and 7 combined.

(15) Tract W.

a. Square feet. 778,243 estimated.

b. $ SF. $1.50.

c. Frontage. 80’ estimated on US 77 plus additional frontage depending on final plat and road placement.

d. Price. $1,167,364.

e. Description. Big box or second tier development located east and south of other Mid-Cities offerings

f. Possible owner financing. $291,841 (based on 25% of list price). Based on 6% interest and 30-year amortization, $1,750 estimated monthly principal & interest payments. $271,571 estimated balloon payment due at end of 5-years.

PROPERTY

The property is a unique opportunity for an astute investor, entrepreneur or franchisee.

(1) Franchise neighbors. Best Western, Holiday Inn Express, Sonic, Subway, Valero and Whataburger.

(2) Traffic count. 41,000 estimated July 2009. 53,875 estimated June 2014.

(3) Zoning. General commercial.

(4) Utilities. All city utilities in place.

(5) Build to suit? Yes.

(6) Alternative platting available? Yes.

(7) Adjacent acreage available? Yes.

(8) Adjacent acreage size. Up to 17.866 acres. Ideal for WalMart, Lowe’s, Home Depot, HEB and other big box footprints.

(9) Adjacent acreage location. East and south of property.

LOCATION

(1) # 1 absolute best rural County to live in Texas. The Progressive Farmer ranked Fayette County as # 1 in its 2009 annual poll of the absolute best Texas rural counties to live in.

(2) # 7 absolute best rural County to live in US. The Progressive Farmer ranked Fayette County as # 7 in its 2009 annual poll of the absolute best US rural counties to live in.

(3) Highway and Interstate access.

Direct access to Interstate 10 and US Highway 77.

(4) Greater Austin area access.

36 mi. to Smithville, 48 mi. to Bastrop, 60 mi. to Lockhart, 67 mi. to Elgin, 71 mi. to San Marcos, 73 mi. to Mustang Ridge, 78 mi. to Manor, 78 mi. to Kyle, 84 mi. to Buda, 90 mi. to downtown Austin and 100 mi. to Round Rock.

(5) Greater Houston access. 23 mi. to Columbus, 55 mi. to Brenham, 68 mi. to Katy, 73 mi. to Wharton, 84 mi. to College Station, 93 mi. to NW Houston (Beltway at US 290), 96 mi. to downtown Houston, 97 mi. to Bellaire and 110 mi. to Pearland.

(6) Greater San Antonio access. 13 mi. to Flatonia, 24 mi. to Waelder, 43 mi. to Gonzales, 46 mi. to Luling, 62 mi. to Victoria, 67 mi. to Seguin, 80 mi. to New Braunfels, 91 mi. to Schertz, 93 mi. to Converse, 100 mi. to Canyon Lake and 102 mi. to downtown San Antonio.

(7) Airport access. 87 mi. to Easterwood Field at College Station with Continental commuter service to Houston, 87 mi. to Austin Bergstrom International (AUS), 106 mi. to San Antonio International (SAI), 108 mi. to Houston Bush Intercontinental (IAH) and 110 mi. to Houston Hobby International (HOU).

All distances and drive times (identified in the Maps, Drive Times & Distances PDF set) are based on conservative Google estimates.

TAXES

2009 reported taxes are $18,954.72 for the entire tax parcel of 355,258 SF or $.0534 per SF. We estimate the taxes on this tract at $1,867.42 (35,000 SF * $.0534). Consult your tax advisor regarding your expected taxes.

DISCLOSURES & COPYRIGHTS

Coldwell Banker Commercial Southwest Partners is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions-stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.


Financials