322 Laurel St - Freestanding FOR SALE


La Marque, TX 77568
$937,000 USD
281-831-7883
322 Laurel St, La Marque, TX for Sale
$937,000 USD
Freestanding - FOR SALE
1/85
null | 6.4% Cap Rate

322 Laurel St
La Marque, TX 77568


HIGHLIGHTS

  • Below-market rents create upside potential
  • Two established long term tenants
  • more than 6.4 % cap rate

OVERVIEW

100% Occupied Mixed-Use Investment. Interstate 45 corridor, Minutes from Texas City,Strong Gulf Coast commercial market Opportunity Zone • Bonus 0.42-Acre Commercial Parcel Included. Total Land .97Acre Roof improvements,HVAC improvements,Interior renovations.Additional parking,Future commercial development, Building expansion,Potential to increase future NOI,Pro Forma NOI estimated at approximately $80,000

FOR SALE DETAILS

PRICE

$937,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Funeral Home, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,740 SF

ZONING

C-2 Restricted Commercial

APN/PARCEL ID

2775-0004-0100-006

ASK ABOUT THIS PROPERTY

Joanna KoongTop Mountain InvestmentMore Info
281-831-7883

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Joanna KoongTop Mountain InvestmentMore Info
281-831-7883

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