16282 Imperial Valley Dr - Freestanding FOR SALE


Houston, TX 77060- Greater Greenspoint
$4,950,000 USD
832-356-8746
16282 Imperial Valley Dr, Houston, TX for Sale
$4,950,000 USD
Freestanding - FOR SALE
1/4
null | 10.04% Cap Rate

16282 Imperial Valley Dr
Houston, TX 77060
Greater Greenspoint


OVERVIEW

Sale includes the Laundromat and the Car Wash. On a 2-acre lot. Built in 2003, this 15,646 SF property includes: Self-Serve Car Wash (5,896 SF) Lube & Tire Shop (825 SF) Large Washeteria + Two Inline Tenants (9,750 SF) built 2003 243 machines This is the best fit for OWNER OPERATOR, these 2 businesses included are cash flowing very well. We have the financial Investment Highlights Real Estate NOI: $151,518 Washateria (Owner-Absentee): $212,244 Net Annual Income Car Wash (Owner-Absentee): $130,966 Net Annual Income OWNER FINANCING on washateria at 50 percent down Turnkey Staff & Systems Fully operational system in place, its been working for over 10 years not at maximum capacity but sufficient for the demonstrated income Ideal for owner-operator for the first 6 months, then can transition to passive with the right oversight. BONUS: 1 vacant phone accessory booth inside the washeteria, ready for additional income. 1,500/month

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$508 USD /SF

CAP RATE

10.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Imperial One Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

1193950020004

ASK ABOUT THIS PROPERTY

Thé Trinh NguyenThe Realty TXMore Info
832-356-8746

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Thé Trinh NguyenThe Realty TXMore Info
832-356-8746

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