Skylane Avenue

For Sale

Skylane Avenue, Corsicana, TX 75109

This Corsicana property for sale is located at Skylane Avenue. The current listed sale price for Skylane Avenue is $6,700,000.

Contacts

broker

Wayne Burgdorf, CCIM

SVN | Trinity Advisors

(817) 288-5556

Property Details

  • Property Type Multi-Family
  • Property Size 39,150 SF
  • Units 27
  • Year Built 2023
  • Date Updated Mar 4, 2024
The Rental Unit Package is located in Corsicana, about 50 miles SE of downtown Dallas in the county seat of Navarro County. Corsicana has an active EDC attracting new industry and jobs and has a severe housing shortage.This is a package of 27 SFR detached rental units built and leased in 2023 to address the city housing shortage. Leasing is on-going and they are nearly full at good rents. With pro-forma expenses, the cap rate is a little over 6.00%

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Highlights

  • The SFR units offered are located in Corsicana, the County Seat of Navarro County ±50 miles south of downtown Dallas along IH-45. It has a population of around 29,000.

Getting around

  • 32/100

    Walk Score ®

  • 39/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Corsicana, TX
  • Zip Code 75109
  • Market Central East Texas

Points of Interest

  • Exxon

    0.32 miles

  • Murphy USA

    0.45 miles

  • Chevron

    0.94 miles

  • Shell

    0.95 miles

  • Valero

    1.17 miles

  • Valero

    1.17 miles

  • Shell

    1.74 miles

  • Alon USA

    1.85 miles

  • Alon

    2.14 miles

  • Chevron

    2.21 miles

  • Motel 6

    3.46 miles

  • Travelers Inn

    3.47 miles

  • Quality Inn

    3.49 miles

  • Hampton

    3.81 miles

  • Holiday Inn Express

    3.82 miles

  • Comfort Inn

    4.17 miles

  • La Quinta

    4.32 miles

  • Super 8 by Wyndham Corsicana

    4.35 miles

  • Best Western

    4.46 miles

  • ALDI

    0.34 miles

  • Walmart Supercenter

    0.54 miles

  • Big Lots

    1.50 miles

  • La Michoacana Meat Market

    2.30 miles

  • Super 1 Foods

    2.45 miles

  • H-E-B

    2.63 miles

  • Brookshire's

    2.79 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Wayne Burgdorf, CCIM

SVN | Trinity Advisors

(817) 288-5556