Vacant Retail - 59 N Chadbourne St, San Angelo, TX 76903-5848

59 N Chadbourne St San Angelo, TX 76903-5848

59 N Chadbourne St, San Angelo, TX, 76903-5848
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FOR SALE
Property Type:
Street Retail
Amount:
$250,000
Last Verified:
Nov 17, 2024

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Highlights

  • 1. TIRZ Investment District
  • 2. Downtown San Angelo location

Description

Welcome to an exciting investment opportunity in the heart of downtown San Angelo! This 2,488 SF retail property, renovated in 2021, presents a prime prospect for retail and street retail investors. With 100% occupancy and an existing lease in place, it offers a solid income stream from day one. Situated in the TIRZ Investment District, this property benefits from a strategic location in a thriving commercial area, primed for growth and development. Don't miss the chance to capitalize on the potential of this well-maintained property nestled in the vibrant downtown district of San Angelo.

Back to Market and Priced to Move! San Angelo, TX, offers a vibrant market with a diverse range of retail and entertainment attractions. The location of the property on N Chadbourne St places it in the heart of the city's retail hub, providing easy access to popular destinations such as the San Angelo Museum of Fine Arts, San Angelo Visitor Center, and Concho Avenue. With a bustling mix of local businesses, restaurants, and entertainment venues nearby, the area presents an exciting opportunity for retail and street retail investors to become part of a dynamic and thriving community. Don't miss the chance to invest in the pulse of San Angelo's retail scene at this prime location.


Year Built: 1957
Building Size: 2488sq ft
Building Class: C
Lot Size: 0.07 acres


Documents

Offering Memorandum
Sale Flyer

Map of 59 N Chadbourne St, San Angelo, TX, 76903-5848

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.