304 S US HWY 287, Elkhart, TX

Industrial for Sale - $255,000 - 1,388 Sq. Ft. on 1.7 acres

Agent Info

Commercial Department
Staples Commercial Group

Property Info

  304 S US HWY 287
  Elkhart TX 75839
UpdatedDecember 12th, 2023
Building1,388 Sq. Ft.
Land1.7 acres

Property Description

This investment opportunity presents a revenue-generating property spanning 1.698 acres along the bustling US Hwy 287 (19) in Elkhart,TX. The 1,388-square-foot house on the property, currently vacant, was previously rented for $750 per month and boasts a new roof lessthan two years old. Adjacent to the house, a fully occupied 1,000-square-foot storage building features 10 units, each measuring 10'x10',with a rental rate of $45 per unit per month. There is immediate potential for increased revenue by adjusting the current rental rates.Moreover, the property offers room for expansion, with space available for approximately five additional storage buildings of the samesize. Alternatively, investors may consider introducing RV park facilities to diversify usage. These strategic expansions provide avenuesfor maximizing returns on investment. The property's prime location along the heavily traveled highway enhances its visibility andaccessibility, making it an attractive option for potential tenants or users. Investors can capitalize on the existing income streams, exploreimmediate rate adjustments, and strategically utilize available space for further development. With a mix of residential and commercialelements, this investment opportunity offers both stability and growth potential in the Elkhart, TX market.


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