1020 FM 1960 Rd - Storefront FOR SALE


Houston, TX 77090
$6,695,711 USD
281-690-0535
1020 FM 1960 Rd, Houston, TX for Sale
$6,695,711 USD
Storefront - FOR SALE
1/6
null | 6.75% Cap Rate

1020 FM 1960 Rd
Houston, TX 77090


HIGHLIGHTS

  • Internet resistant tenant roster
  • Excellent Visibility and Access: Frontage to FM 1960 (30,000 Vehicles Per Day)
  • Priced below replacement value at $223 Per Square Foot
  • Located close to Bush IAH Airport/Woodlands/ and North major Metroplitan areas
  • High daytime and Nightime traffic
  • Value add with below market rents.

OVERVIEW

NEW TO THE MARKET! ROM Commercial Properties is pleased to exclusively offer for sale DIAMOND PLAZA CENTER, located at 1020 FM 1960 West in Houston, Texas. The 34,851 square foot shopping center, situated on approximately two (2) acres, is offered at a below building replacement cost of $6,695,711.00 ($192 PSF) The retail property was built in 1979 with seller capital improvements in 2024. Diamond Plaza Center offers a highly diverse internet resistant tenant mix with a prime visibility and access from FM 1960. High upside with below market rents with new major residential development being constructed adjacent to the center. Major retailers nearby include Dollar Tree, Ihop, Kroger, Starbucks, Chic-Fil-A and Texas Roadhouse among others. 30K cars traffic counts daily!

FOR SALE DETAILS

PRICE

$6,695,711 USD

PRICE/SF

$222 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Diamond Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

-

APN/PARCEL ID

0451720000115

ASK ABOUT THIS PROPERTY

Rafael MelaraROM Commercial PropertiesMore Info
281-690-0535

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Rafael MelaraROM Commercial PropertiesMore Info
281-690-0535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.