Pavilion # 3 of the Sterling McCall Pavilions
Sealy, TX
Land for Sale - $456,584 - 2.65 acres


Property Info
CIMLS# | 57199 |
Location Pavilion # 3 of the Sterling McCall Pavilions Sealy TX 77474 | |
Updated | May 14th, 2008 |
Type | Land |
Price | $456,584 |
Land | 2.65 acres |
Property Description
Frank Johnston of Heritage Texas Country Properties and the Retail Development Team of Coldwell Banker Commercial in Brenham (CBC Brenham) are proud to present THE STERLING MCCALL PAVILIONS OF SEALY. Pavilion # 3 with 2.65 acres is $456,584 or $3.95 per SF. 100% FINANCING AVAILABLE! Located in the city limits of Sealy on US Highway 90 with excellent Interstate 10 visibility and access, property is available in nine alternative offerings.
HIGHLIGHTS
(1) The entire 8.87 acres Sterling McCall Pavilions of Sealy. Offered at $850,000 or $2.20 per square SF. Two developer packages (A and B) or seven distinct Pavilions/tracts can be purchased.
(a) DEVELOPER PACKAGE A. Contains Pavilions #1, 2 and 3. Potential uses include mixed use, home improvement/building supply or motel. 4.7076 acres at $643,898 or $3.14 per SF.
(b) Pavilion # 1. Retail pad site. 1.04 acres at $249,642 or $5.50 per SF.
(c) Pavilion # 2. Retail pad site. 1.01 acres at $242,456 or $5.50 per SF.
(d) Pavilion # 3. Excellent location for a motel or mixed-use plan. 2.65 acres at $456,584 or $3.95 per SF.
(e) DEVELOPER PACKAGE B. Contains Pavilions # 4, 5, 6 and 7. Ideal location for an apartment complex; home center, home improvements and building materials site; large consumer electronics business; and/or furniture and home furnishings business. Four retail, professional, service or light industrial pad sites, mini-warehouse or warehouse/office park. 4.1630 acres at $297,398 or $1.64 per SF.
(f) Pavilion # 4. Retail, professional, service or light industrial pad site. 1.04 acres at $158,673 or $3.50 per SF.
(g) Pavilion # 5. Retail, professional, service or light industrial pad site. 1.04 acres at $147,347 or $3.25 per SF.
(h) Pavilion # 6. Retail, professional, service or light industrial pad site. 1.04 acres at $136,008 or $3.00 per SF.
(i) Pavilion # 7. Retail, professional, service or light industrial pad site, 1.04 acres at $124,671 or $2.75 per SF.
(2) Up to 100% FINANCING available including land, new construction, improvements and capital equipment.
(3) Many development and planning experts refer to Sealy as the
Financials
With a unique combination of loan alternatives including subordinated owner financing, up to 100% financing is available.
Financing can include land, new construction, improvements and capital equipment.
A decision on any subordinated owner financing is at the complete discretion of the owner. Factors that may be considered include qualifications, terms, equity structure, site and/or development plan and others.
The interest on the subordinated mortgage is two percent or 200 basis points above your first mortgage. For example, with a first mortgage at 6.25%, the subordinated mortgage will be at 8.25%. If the first mortgage adjusts, the subordinated mortgage adjusts at the same time.
The subordinated loan incorporates a 30-year amortization schedule with a final balloon payment due in five years.