701 US-281 | Marble Falls, TX 78654
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- LoopNet Team
701 US-281
Marble Falls, TX 78654
The Centre At Marble Falls Shopping Center · Retail Property For Sale
Investment Highlights
- Low Average Rents at $11.19 per square foot
- Value-Add - Upside Potential with lease-up of the office spaces in the building, as well as the option to raise rents as the current leases expire
- Proximity to AUSTIN - 40 miles northwest of Austin
- Stable Cash Flow at 90.15% occupancy
- Signalized, Hard Corner Location in Downtown Marble Falls with excellent visibility
- Over $175,000 in recent capital improvements, with roof warranty through 2032
PROPERTY FACTS
Property Type
Retail
Property Subtype
Retail
Building Size
17,790 SF
Building Class
C
Year Built/Renovated
1975/2018
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
1.03 AC
Zoning
General Commercial
Parking
67 Spaces (4.09 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 28654 | Improvements Assessment | $3,261,732 |
| Land Assessment | $1,298,856 | Total Assessment | $4,560,588 |
PROPERTY TAXES
Parcel Number
28654
Land Assessment
$1,298,856
Improvements Assessment
$3,261,732
Total Assessment
$4,560,588
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