515-519 Park St - Storefront FOR SALE


Baytown, TX 77520
$518,000 USD
713-459-1333
515-519 Park St, Baytown, TX for Sale
$518,000 USD
Storefront - FOR SALE
1/6
null | 7.25% Cap Rate

515-519 Park St
Baytown, TX 77520


HIGHLIGHTS

  • Signalized, Hard Corner
  • 100 Percent Occupied
  • Triple-Net Leases: Expenses are 100 Percent Reimbursed
  • $120.47 Per Square Foot
  • Value-Add Potential Through Raising Below Market Rent

OVERVIEW

Marcus & Millichap is pleased to exclusively list for sale Park Place Shopping Center, located at 519 Park Street in Baytown, Texas. This 4,300-square-foot retail center is located on the signalized, hard corner of Park Street and North Pruett Street. The subject property is 100 percent occupied, accommodating three tenants. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. An investor could add value by raising the below market rent for Hair Salon once the lease agreement expires. Park Place Shopping Center is offered at a price of $518,000, which is $120.47 per square foot.

FOR SALE DETAILS

PRICE

$518,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Place Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

Commercial

APN/PARCEL ID

0631160010001

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.