Park Grove

  • Asking Price $799,000.00
  • $288.24/per SQF
503 Park Grove Dr.

Park Grove

503 Park Grove Dr.
  • Asking Price $799,000.00
  • $288.24/per SQF
For Sale
  • Price Asking Price $799,000.00
  • Property Size 2772 SQF
  • Land Area 0.37 AC
  • Year Built 2005
  • Property Status For Sale
  • Property Type Medical, Office

Additional Details

  • APN 1267200010003
  • Tenancy Vacant
  • Ownership 100%

EXECUTIVE SUMMARY

Single-story, stand-alone Class B Medical Ofiice Building. The Building provides ample surface parking and easy access via the ADA ramp. This well-maintained 2700+ sqft. building has recent paint and flooring updates, 7+ offices, lobby, reception area with lockable closet and filing room, lab room, mechanical room, large kitchen area, and multiple restrooms.

Investment Highlights 

  • Conveniently located near I-10 and Mason
  • Easy in and out access with ample surface parking and ADA ramp
  • Light and airy contemporary finishes
  • Surprisingly large offices

Property Documents

Tammy Canon
Call 713-898-7366

See Similar Properties

Park Grove

  • Asking Price $799,000.00
  • $288.24/per SQF
503 Park Grove Dr.

Park Grove

503 Park Grove Dr.
  • Asking Price $799,000.00
  • $288.24/per SQF
For Sale
  • Price Asking Price $799,000.00
  • Property Size 2772 SQF
  • Land Area 0.37 AC
  • Year Built 2005
  • Property Status For Sale
  • Property Type Medical, Office

Additional Details

  • APN 1267200010003
  • Tenancy Vacant
  • Ownership 100%

EXECUTIVE SUMMARY

Property is in excellent condition. Building layout is very efficient manufacturing facility. 4 gated access points to property. Water and Sewage is in a MUD. Lighting is LED. Individual Buildings are clear span. Clear Height, Column Width, and Hook Height vary in each Building. Min Hook Height 10′. Max Hook Height 19’8″

Investment Highlights 

The property is a pristine manufacturing facility designed to maximize efficiency for production, handling & shipment of product.

FINANCIAL SUMMARY (ACTUAL – 2022)  

Gross Rental Income$502,686$8.99
Other Income
Vacancy Loss
Effective Gross Income$502,686$8.99
Taxes$86,186$1.54
Operating Expenses$38,500$0.69
Total Expenses$124,686$2.23
Net Operating Income$378,000$6.76

Property Documents

Tammy Canon
Call 713-898-7366

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