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$1,625,000
Est. payment /mo
5,025 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,025 sqft
Price per Sqft $323
Subdivision Southview Add
MLS Listing ID 9006443
Year Built 1997
Annual Tax Amount $19,572
Tax Year 2026
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type Retail
Source actris
Property Description
Rare stabilized NNN investment opportunity on Round Rock's premier commercial corridor, 1105 S. Mays Street, 5,025 SF, 4-suite multi-tenant commercial building on 0.53 acres, C-1 zoning, 100% occupied. Three of four tenants on NNN leases have taxes, insurance, and CAM passed through above the base year, minimizing landlord expense exposure. Gross income $9,584/month ($115,008 annually) from day one. Price: $1,725,000 ($343/SF) priced below corridor comparables and well below the Round Rock retail market average of $869/SF. 26 on-site surface parking spaces, 5.0 ratio. Flood Zone X OUT (1,636 ft to 100-yr flood plain, FEMA confirmed). Built 1997, brick veneer/frame, C-1 General Commercial zoning. Ideally positioned 0.75 miles north of Downtown Round Rock and approximately 1 mile from Dell Technologies World Headquarters and Switch Inc. hyperscale data center campus. Williamson County top-ranked growth county in Texas. 1-mile population projected +12.4% by 2030. 3-mile median household income $89,978. Excellent 1031 Exchange candidate stabilized NNN income, diversified tenant base, staggered lease expirations. Value-add opportunity: one MTM gross lease conversion to NNN term increases NOI with no capital investment. Tenant and suite details available upon execution of the confidentiality agreement. Showing by appointment only listing agent must be present. 24-hour advance notice required.
Location
State TX
County Williamson
Zoning Zoned C-1 General Commer
Interior
Heating Central
Cooling Central Air
Flooring Concrete, Laminate, Tile, Vinyl
Fireplace No
Exterior
Utilities Available Electricity Connected, Phone Available, Sewer Connected
View See Remarks
Total Parking Spaces 26
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Brick Veneer
New Construction No
Others
Special Listing Condition Standard
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Listed by Central Metro Realty
NEARBY SCHOOL & BUSINESS
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