1208 N Robinson Drive
$3,500,000
1208 N Robinson Drive Robinson, TX 76706
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About this listing
DESCRIPTION
Option 1: Former Harvest Time Church - positioned on 4.89 acres comprising of two buildings totaling 29,897 SF and 224 parking spaces. The main building (sanctuary) is currently in shell condition and totals 21,800 SF. The Second building is finished out as offices/classrooms and totals approximately 8,097 SF. The property has strong visibility fronting Robinson Dr. and offers a unique investment or user opportunity in an area participating in significant growth. The building is being offered well below replacement costs at $46/SF or $1,400,000.
Option 2: Offered at a 12% Cap Rate with 5+ years of remaining term. Upside potential with rent bump and 2,000 SF of vacancy in a standalone building (#5) along with 4 acres of additional land for the future development.
Option 3: Includes all 14.55 acres with approximately 57,777 SF of improvements ($52/SF) spread across 6 buildings. Priced at $3,000,000, 45% of the property is leased to long term tenants including Kidz Daycare/Church and Peoples Quality Services.
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Building Size
57,577 sqft
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Lot Area
4.89 acres
