$4,500,000

13± Acres

Active

Gaines County, TX

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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

Lat/Long: 32.720707, -102.648312

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, Rv Garage, Rv Access 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

Extra Information

Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/20660270

Maps

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Everette Newland

Denton, Texas

(940) 390-3410

Interested? Contact Us Today About This Listing

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You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: October 24, 2024 at 12:00:00 PM UTC

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