18615 Marsh Ln
- Sale Price: $1,250,000.00
- Lot Size: 0.964 Acres
- TOTAL PROJECT COST: $2,950,000
- LAND ACQUISITION: $1,200,000
- CONSTRUCTION: $1,750,000 ($109/SF)
- PROJECTED VALUE (STABILIZED): $4,571,000
- PROJECTED RENT: $20/SF ($320,000 ANNUALLY)
- NET CASH FLOW: $128,781
- CASH-ON-CASH RETURN: 21.8%
Property Description
PROPERTY DESCRIPTION SUP approval and plans for recreational facility. Buyer can also develop other neighborhood service type facilities. PROPERTY HIGHLIGHTS ±0.96 Acres strategically located off Marsh Lane with immediate access to President George Bush Turnpike Zoned Neighborhood Service (see zoning ordinance: https://drive.google.com/file/d/182Tax6ncNL2i10nhRBUKUClaT07ejt1g/view? usp=drive_link) Fully Approved Site Plan for a ±16,000 SF metal building (max 23’ height) with 34 parking spaces Significant entitlement advantage — saves ~12 months of permitting timeline
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,250,000 |
| No. of Units: | 146 |
| Lot Size: | 0.96 Acres |
| Opportunity Zone: | No |
| Price per unit: | $8,562 |
| Property Website | Click Here |
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