NEW BUSINESS OR INVESTMENT OPPORTUNITY-DOWNTOWN RUSK, TX

Industrial for Sale
Catylist Listing ID: 30673167
Property Subtypes: Industrial-Business Park, Manufacturing, Warehouse/Distribution
Building Size (RSF): 3,864 SF
Gross Building Area: See Agent
Gross Land Area: 0.29 Acres
Sale Price: $99,500
Unit Price: $25.75 PSF
Docks/Doors: 1 Dock
Office SF: 2,664 SF
Property Use Type: Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/13/2021

Overview / Comments

A GREAT OPPORTUNITY FOR YOUR NEW BUSINESS OR INVESTMENT COMES WITH HUGE BUILT-IN VALUE: 3,804 sq. ft. building on Business Hwy 69 (140 N. Main St.) is now available, 1/2 block north of the Downtown Square. Once home to Rusk's newspaper and 3 radio stations, this building is centrally located with 1,200 sq. ft. warehouse space, 2,664 sq. ft. office space, large common area and 4 street parking spaces. Rusk's code allows for apartments downtown so a reno for apartments would be possible. The building has been maintained wonderfully, has a new $37K TPO roof (installed October 2020) with a transferrable 20-yr warranty and is move-in ready. This spot is also ideal for a small manufacturing operation due to its warehouse square footage with loading dock and driveway exiting to Henderson Street . Rusk is growing with a new state hospital and progressive “can do” community spirit. Now is the best time for an investment opportunity where you can get a large space at a small per square foot cost. • Home to Rusk State Hospital and 1,200 jobs • Home to Skyview and Hodge Units, Texas Department of Criminal Justice, and 1,000 jobs • Home to the Texas State Railroad • Rusk is the county seat of Cherokee County, at the intersection of U.S. Highway 69 and U.S. Highway 84 •Rusk is one of 63 Promise Fund Cities in the United States. Thanks to a generous benefactor, the top 50 percent of graduating high school seniors are eligible for two free years of tuition ($8K value) at Tyler Junior College. Program extends to the nursing school and various trade schools as well as traditional academics.

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Additional Details

Nearest MSA: Jacksonville
County: Cherokee
Taxing Authority: Cherokee County
Tax ID/APN: 226967000.00000000000000
Zoning: COMMERCIAL
Site Description: Commercial Historical Bldg.
Area Description: Downtown Rusk
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,864 SF
Year Built: 1956
Construction/Siding: Brick
Parking Type: Other
Parking Description: Street Parking and Back lot parking by loading dock
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 48 BLK 9 RUSK BUILDING & LAND

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,100 3,100 7,578
Median Age: 40.66 40.66 39.14
Households: 542 542 2,163

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