1702 1st St E - Storefront FOR SALE


Humble, TX 77338- Lake Houston
$2,084,000 USD
713-459-1333
1702 1st St E, Humble, TX for Sale
$2,084,000 USD
Storefront - FOR SALE
1/6
null | 7.1% Cap Rate

1702 1st St E
Humble, TX 77338
Lake Houston


HIGHLIGHTS

  • Located on the signalized hard corner of FM 1960 Business (First Street East) and Wilson Road, just east of Eastex Freeway (Interstate 69)
  • Located on FM 1960 Bus, surrounded by tremendous retail trade areas to the east and west, including Deerbrook Mall and Atascocita only minutes away
  • Population within a 5-mile radius totals 193,580
  • Daytime population within a 1-mile radius averages over 11,000, providing a strong customer base
  • 14,100 Square Feet of Retail Space Comprised of Two Buildings on 1.21 Acres of Land
  • Priced Well Below Replacement Cost

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale One Humble Place, located at 1702 First Street East in Humble, Texas. One Humble Place is an excellent opportunity for an investor wanting to own a retail center with a price point near $2,000,000 without sacrificing location. The immediate and surrounding area is a proven retail market. Nearly all major retailers, both national and regional, have locations either on Interstate 69 or both FM 1960 and FM 1960 Business. Another asset nearby is the Bush International Airport, which is a major employment center for the greater Houston MSA. Population growth to the north and east of One Humble Place is growing. The Humble and Atascocita markets have added 2,500 households and are forecasted to continue growing at the rate of 11.1 percent. Irreplaceable Location: Located on the signalized hard corner of FM 1960 Business (First Street East) and Wilson Road, just east of Eastex Freeway (Interstate 69). Major Retail Corridor: The property is located on FM 1960 Business, surrounded by tremendous retail trade areas to the east and west, including Deerbrook Mall and Atascocita only minutes away. Demographics: The population within a 5-mile radius totals 193,580, and the daytime population within a 1-mile radius averages over 11,000, providing a strong customer base. 14,100 Square Feet of Retail Space Comprised of Two Buildings on 1.21 Acres of Land Priced Well Below Replacement Cost

FOR SALE DETAILS

PRICE

$2,084,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

One Humble Place

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

CROSS STREETS

Wilson Rd

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

NA

APN/PARCEL ID

0431500140026

ASK ABOUT THIS PROPERTY

Gus LagosMarcus & MillichapMore Info
713-459-1333

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Gus LagosMarcus & MillichapMore Info
713-459-1333

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