Description

10.4 CAP with major upside!

--- Corsicana RESIDENTIAL ZONED LOFT DEVELOPMENT or office Invest Opportunity!The State National Bank building has 10 floors and approx. 43,000 sq ft of rentable space. The exterior of the building features ornate Gothic style facade. Erected in 1925 at a cost of $450,000 it was one, if not the, most modern bank building in Texas. The building features Chase Bank as the ground floor retail tenant occupying approximately 18,000 sq ft. The Interior of the building looks to have been remodeled in the 1970's and is in very good condition considering its age. The building sits on almost an entire city block in the center of historic downtown Corsicana Texas. In the 1980's Bank One added a 4-car drive though banking facility attached to the original building. The historic bank portion of the building is truly awesome with high ceilings and pillars and no expense spared. Corsicana was a booming oil center and this is where the money was!! There is a Mezzanine level overlooking the banking operations. I can only imagine the history! Sprint PCS and Metro PCS leases long term roof spac

Located in Corsicana TX just 50 miles South of Dallas on Interstate 45 which is the main highway between Dallas and Houston. Corsican is the Navarro County Seat. Due to its proximity to Dallas and the influx of new business, Corsicana is experiencing significant growth. Home Depot recently completed a major new store and is locating a major distribution center in Corsicana. Corsicana has a rich oil history and still produces a significant amount of oil. Due to the current price of crude oil, Corsicana is likely to experience major new investment in enhanced oil recovery drilling and production. The State of Texas is anticipating significant growth in Corsicana evidenced by a major new highway loop going around the city. If you look at the major cities in Texas, they all seem to expand from the center and as they do, concentric highway loops are built to accommodate growth.