3501 7th Street

Bay City TX 77414

19431 sq. ft.

101970 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

48-Unit Bay City Investment Opportunity Existing 48-room hotel/apartment property available for acquisition at 3501 7th Street in Bay City, Texas. The property contains approximately 19,431 square feet of existing building area and is offered as-is. Current utilization is eight existing tenant leases and payment agreements. Current ownership has undertaken operational improvements and tenant turnover. Many units remain in need of repair, presenting an opportunity for a buyer to renovate, reposition, and establish a new operating strategy. Potential strategies may include continued hospitality use, renovation and repositioning, or evaluation of other legally permitted uses. Any change in use or redevelopment is subject to buyer due diligence, applicable approvals, and required improvements.

Features

1 bedroom

1 bathroom

19431 sq. ft. floor area

101970 sq. ft. lot size

Multi-Family

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