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Vacant-User

Auction - Former Family Dollar | Built 2012

21615 TX-21, Chireno, TX 75937

Listing Price: $1

Gross SF
8,063
Rentable SF
8,063
Lot Size
1.00 acres
Year Built
2012

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 21615 State Highway 21 East in Chireno, Texas (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with value enhancement potential at a significant discount. FIRST BID MEETS RESERVE!

Built in 2012, the Property is comprised of a one-story, free-standing building totaling ±8,063 square feet. Positioned on ±1 acre of land (±43,750 SF), the Property offers 35 total surface parking spaces and is easily accessible. The Property is ideally located on a main thoroughfare and offers one point of egress/ingress. The building is constructed with pre-engineered structural steel framing system and the interior offers a large open floor plan with office area and restroom. The Property was formerly occupied by Family Dollar who operated at this location for 20 years before moving across the street to their new Family Dollar and Dollar Tree Combo Store. This Property offers potential investors the ability to acquire a free-standing retail building with significant value add through lease up at long term market rates (CoStar estimated retail rents of $17-20/SF). The City of Chireno does not have a zoning ordinance, making this site suitable for a variety of commercial uses via adaptive reuse or repositioning.

This former Family Dollar is located on the northeast side of State Highway 21 (±2,796 VPD), northwest of FM 95 in Chireno, Nacogdoches County, Texas. Chireno is a small community in East Texas within the Texas Forest Country located off the Old El Camino Real Trail that runs from Texas boarder to San Marcus within the Nacogdoches MSA. The Property is located just ±25-min from Nacogdoches, the county seat of Nacogdoches County, which is a vital transportation, business, university and tourism center for the region. The Property is located on the busiest highway in Chireno and is positioned just 2-hours north of Houston on US-59 providing easy access to all the major markets in Texas via US 259, and Texas highways TX-7 & TX-21. The Property is located near educational demand drivers and is just Chireno ISD School District which serves ±305 students in the area and Stephen F. Austin State University in Nacogdoches (±25-min) and one of the largest area employers with an enrollment of ±11k students. The residents of Chireno commute on average 15-30 minutes to the larger urban centers of San Augustine (±15-min), Nacogdoches (±25-min), and Lufkin (±35-min) which are within a reasonable commuting distance and offer a wider range of employment options, including manufacturing, healthcare, education, and retail. The Property is positioned in an area that serves an expanded trade area with ±13,770 people with an AHHI of $71, 053 in an expanded 15-mi area.

Investment Highlights

  • ABSOLUTE $1 AUCTION | AUCTION MAY 13-15, 2024
  • 8,063 SF Freestanding Value-Add Retail Available at Substantial Discount Below Replacement Cost
  • Built in 2012; Former Family Dollar with Open Floor, Huge 35 Space Parking Lot, and Side Door for Deliveries
  • Highly Visible Location Across Street from new Family Dollar and Dollar Tree Combo Store
  • Direct Frontage on a Primary Texas Corridor, State Hwy 21 with ±2,796 VPD Traffic
  • Flexible Zoning for a Variety of General Commercial Uses & Activities

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Vacant-User

Auction - Former Family Dollar | Built 2012

Listing Price: $1

Gross SF
8,063
Rentable SF
8,063
Lot Size
1.00 acres
Year Built
2012

Investment Highlights

  • ABSOLUTE $1 AUCTION | AUCTION MAY 13-15, 2024
  • 8,063 SF Freestanding Value-Add Retail Available at Substantial Discount Below Replacement Cost
  • Built in 2012; Former Family Dollar with Open Floor, Huge 35 Space Parking Lot, and Side Door for Deliveries
  • Highly Visible Location Across Street from new Family Dollar and Dollar Tree Combo Store
  • Direct Frontage on a Primary Texas Corridor, State Hwy 21 with ±2,796 VPD Traffic
  • Flexible Zoning for a Variety of General Commercial Uses & Activities

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 21615 State Highway 21 East in Chireno, Texas (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with value enhancement potential at a significant discount. FIRST BID MEETS RESERVE! Built in 2012, the Property is comprised of a one-story, free-standing building totaling ±8,063 square feet. Positioned on ±1 acre of land (±43,750 SF), the Property offers 35 total surface parking spaces and is easily accessible. The Property is ideally located on a main thoroughfare and offers one point of egress/ingress. The building is constructed with pre-engineered structural steel framing system and the interior offers a large open floor plan with office area and restroom. The Property was formerly occupied by Family Dollar who operated at this location for 20 years before moving across the street to their new Family Dollar and Dollar Tree Combo Store. This Property offers potential investors the ability to acquire a free-standing retail building with significant value add through lease up at long term market rates (CoStar estimated retail rents of $17-20/SF). The City of Chireno does not have a zoning ordinance, making this site suitable for a variety of commercial uses via adaptive reuse or repositioning. This former Family Dollar is located on the northeast side of State Highway 21 (±2,796 VPD), northwest of FM 95 in Chireno, Nacogdoches County, Texas. Chireno is a small community in East Texas within the Texas Forest Country located off the Old El Camino Real Trail that runs from Texas boarder to San Marcus within the Nacogdoches MSA. The Property is located just ±25-min from Nacogdoches, the county seat of Nacogdoches County, which is a vital transportation, business, university and tourism center for the region. The Property is located on the busiest highway in Chireno and is positioned just 2-hours north of Houston on US-59 providing easy access to all the major markets in Texas via US 259, and Texas highways TX-7 & TX-21. The Property is located near educational demand drivers and is just Chireno ISD School District which serves ±305 students in the area and Stephen F. Austin State University in Nacogdoches (±25-min) and one of the largest area employers with an enrollment of ±11k students. The residents of Chireno commute on average 15-30 minutes to the larger urban centers of San Augustine (±15-min), Nacogdoches (±25-min), and Lufkin (±35-min) which are within a reasonable commuting distance and offer a wider range of employment options, including manufacturing, healthcare, education, and retail. The Property is positioned in an area that serves an expanded trade area with ±13,770 people with an AHHI of $71, 053 in an expanded 15-mi area.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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