$4,500,000
13± Acres
Active
Gaines County, TX

804 SE AVE G Avenue G, Seminole, Texas

MLS ID: 20660270
Status: Active
Price: $4,500,000
Acres: 13±
Type: Business, Commercial
Address: 804 SE AVE G Avenue G
City, State: Seminole, TX
County: Gaines County
ZIP Code: 79360
Parcel Number: 000000056393
Year Built: 2009

Description

Nestled in the thriving heart of Seminole, TX, these two prime real estate locations present a unique investment opportunity with 7.5% Cap Rate

The first location boasts 20 homes, predominantly trailers, along with a substantial 3,200 sq ft shop. This setup is ideal for those looking to tap into the bustling local economy.

Just a stone's throw away, the second location features 10 homes and additional RV sites, catering to a diverse range of tenants. This property is further enhanced by a multi-unit enclosed boat or RV storage facility and mini storages, ensuring steady rental income. An on-site office provides convenience and ease of management.

The booming oilfield industry, coupled with thriving farming activities and other economic drivers, makes this investment particularly attractive. Notably, rents haven't been increased in five years, offering substantial potential for future growth. This is a perfect chance to invest in a diversified, high-demand area.

Directions: 2 Locations 804 SE AVE G and 229 US HWY 180

Additional Information

Interior

Building Area Total: 36,916
Cooling (Yes/no): Yes
Cooling: Central Air
Flooring: Combination
Heating (Yes/no): Yes
Heating: Central

Exterior

Foundation Details: Combination
Inclusions: Building Only, Land & Improvements
Lot Features: Acreage
Lot Size Area: 13
Lot Size Source: Assessor
Lot Size Square Feet: 566,280
Parking Features: Additional Parking, Private, RVGarage, RVAccess Parking, Shared Driveway, Storage
Roof: Asphalt
Water Source: Public

Financial/HOA/Schools

Subdivision Name: G 161 Blk G Sec 161
Tax Annual Amount: 23686
Zoning Description: Real
Everette Newland

Everette Newland

Denton, Texas

(940) 390-3410

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Listed By: James Friesen of United Country H5 Auction & Re