Burke Center FOR SALE

Shopping Center for Sale
Catylist Listing ID: 28798336
Property Subtypes: Mixed Use, Neighborhood Center, Strip Center
Building Size (RSF): 18,000 SF
Gross Land Area: 1.53 Acres
Sale Price: $1,300,000
Unit Price: $72.22 PSF
Property Use Type: Investment
Building Name: Burke Building
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/23/2017

Overview / Comments

This center is a GREAT buy and rents are low and could be increased. Property has good cash flow and a stable tenant base. Currently has two vacant units with a tentative lease working on one of them. Annual Gross income at 100% occupancy at current rates is $138,883 on the six units.

Additional Details

Nearest MSA: Killeen-Temple
County: Coryell
Taxing Authority: Coryell Cad
Tax ID/APN: 125044
Zoning: LOCAL RETAIL
Market Type: Medium
Retail Clientele: General, Business
Property Located Between: Between So.2nd and Turner St.
Side of Street: North
Road Type: Paved, Highway
Property Visibility: Excellent
Largest Nearby Street: Highway 190
Transportation: Bus, Highway
Highway Access: The property fronts Business Hwy 190 and Turner Street is on the east.
Airports: Greater Killeen Regional
Site Description: Flat paved parking with great visibility and access.
Area Description: General Business area
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1977
Roof Type: Flat
Construction/Siding: Brick
Parking Ratio: 97 (per 1000 SF)
Parking Type: Surface
Parking Description: Asphalt parking in front and in back.
Total Parking Spaces: 97
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: 1.53 acres zoned local business
Easements: Utilities
Land Ownership: Fee simple
Legal Description: Lot 1, Block 1, Play-more Bingo Addition, Copperas Cove, Coryell County, TX

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,904 31,651 43,720
Median Age: 30.74 31.58 29.96
Households: 3,939 11,948 15,430
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