2.65 Acres in Sealy, TX - $456,584
Frank Johnston of Heritage Texas Country Properties and the Retail Development Team of Coldwell Banker Commercial in Brenham (CBC Brenham) are proud to present THE STERLING MCCALL PAVILIONS OF SEALY. Pavilion # 3 with 2.65 acres is $456,584 or $3.95 per SF. 100% FINANCING AVAILABLE! Located in the city limits of Sealy on US Highway 90 with excellent Interstate 10 visibility and access, property is available in nine alternative offerings.
HIGHLIGHTS
(1) The entire 8.87 acres Sterling McCall Pavilions of Sealy. Offered at $850,000 or $2.20 per square SF. Two developer packages (A and B) or seven distinct Pavilions/tracts can be purchased.
(a) DEVELOPER PACKAGE A. Contains Pavilions #1, 2 and 3. Potential uses include mixed use, home improvement/building supply or motel. 4.7076 acres at $643,898 or $3.14 per SF.
(b) Pavilion # 1. Retail pad site. 1.04 acres at $249,642 or $...
(b) Pavilion # 1. Retail pad site. 1.04 acres at $249,642 or $5.50 per SF.
(c) Pavilion # 2. Retail pad site. 1.01 acres at $242,456 or $5.50 per SF.
(d) Pavilion # 3. Excellent location for a motel or mixed-use plan. 2.65 acres at $456,584 or $3.95 per SF.
(e) DEVELOPER PACKAGE B. Contains Pavilions # 4, 5, 6 and 7. Ideal location for an apartment complex; home center, home improvements and building materials site; large consumer electronics business; and/or furniture and home furnishings business. Four retail, professional, service or light industrial pad sites, mini-warehouse or warehouse/office park. 4.1630 acres at $297,398 or $1.64 per SF.
(f) Pavilion # 4. Retail, professional, service or light industrial pad site. 1.04 acres at $158,673 or $3.50 per SF.
(g) Pavilion # 5. Retail, professional, service or light industrial pad site. 1.04 acres at $147,347 or $3.25 per SF.
(h) Pavilion # 6. Retail, professional, service or light industrial pad site. 1.04 acres at $136,008 or $3.00 per SF.
(i) Pavilion # 7. Retail, professional, service or light industrial pad site, 1.04 acres at $124,671 or $2.75 per SF.
(2) Up to 100% FINANCING available including land, new construction, improvements and capital equipment.
(3) Many development and planning experts refer to Sealy as the “next Katy”.
(4) We believe it is an ideal location for motel. Also excellent location for grocery store, consumer electronics, office supplies, or beverage store based on: local unmet consumer demand, projected growth in consumer spending, population growth, projected Interstate 10 traffic increases, highway access and visibility ("Local Attributes").
(5) Although highway and traveler demand data is not yet available, we believe it is an outstanding motel, fast food and limited service restaurant location.
(6) Great location to maximize Interstate 10 traffic and US Highway 90 traffic for Sealy services as well as serving the regional Sealy area.
(7) Strategically located just 33 minutes to the Houston Interstate 10/West Sam Houston Beltway interchange.
(8) Local top five categories of consumer spending each projected to increase by over $600 K in 2008 at a 3-mile radius.
(9) Local top five unmet retail opportunities average $6.1 M+ at a 3-mile radius and $3.6 M+ at a 2-mile radius.
(10) Vibrant Austin County 2008 economy estimated at $750 M+ and growing at a 5.3%+ annual rate.
Call 979.421.9795 to contact any member of the joint listing team: Frank Johnston with Heritage Texas Country Properties; or Diane Alexander, Tootie Lyons, George Alexander or Chris DeAlmeida with CBC Brenham. You can also contact the team by email.
SITE PLAN CONSIDERATIONS
Based on Local Attributes and property size, grocery store, consumer electronics, office supplies and beverage stores are all viable options. Although transient data is not available, we believe it is an excellent option for a motel.
FINANCING
With a unique combination of loan alternatives including subordinated owner financing, up to 100% financing is available. Financing can include land, new construction, improvements and capital equipment.
A decision on any subordinated owner financing is at the complete discretion of the owner. Factors that may be considered include qualifications, terms, equity structure, site and/or development plan and others. The interest on the subordinated mortgage is two percent or 200 basis points above your first mortgage. For example, with a first mortgage at 6.25%, the subordinated mortgage will be at 8.25%. If the first mortgage adjusts, the subordinated mortgage adjusts at the same time. The subordinated loan incorporates a 30-year amortization schedule with a final balloon payment due in five years.
ADDITIONAL INTERNET LINKS
See Lands of America listing # 124436 for JPG graphics package.
Available upon request:
(1) Dedicated website link
(2) Downloadable PDF and JPG graphics and pictures links
(3) Demographic and econometric reports link
(4) Detailed listing with extensive analysis links
EMAIL TO YOU WHEN WE LIST NEW PROPERTIES THAT MEET YOUR SPECIFICATIONS
We offer immediate email contact when we list properties in categories you have expressed an interest. Please send an email to us with your specifications.
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