5623 S Main St - Retail FOR SALE


Crosby, TX 77532- North Shore
$650,000 USD
281-851-7733
5623 S Main St, Crosby, TX for Sale
$650,000 USD
Retail - FOR SALE
1/60
null | 9.15% Cap Rate

5623 S Main St
Crosby, TX 77532
North Shore


HIGHLIGHTS

  • Units can be combined or separated with individual electric meters.
  • 7 units
  • Replaced foundation, all plumbing & wiring during the remodel

OVERVIEW

Welcome to a piece of Crosby's rich history! This remarkable 1914 historic building on FM 2100 is a true gem, offering a blend of old-world charm and modern convenience. Whether you're an investor seeking a lucrative opportunity or a business owner looking for prime commercial space, this property has it all. Apartment & Lease Spaces: The property features a spacious apartment, perfect for an owner's residence or additional rental income. Additionally, it boasts up to 7 lease spaces, all nicely built out and fully leased at this time, providing a steady stream of rental income. Ample Parking: One of the standout features of this property is its access to 27+ parking spaces on adjacent Union Pacific land. The Fuchs family has diligently paid for and maintained this parking lot for almost half a century. Renovated in 2010: The building underwent significant renovations from 2010 - 2018, ensuring that it meets modern standards and is equipped with updated electrical systems, modern plumbing, and efficient AC & heating. This means you can enjoy the charm of a historic property without sacrificing comfort or convenience. Don't miss this opportunity to own a piece of Crosby's history while benefiting from its prosperous present. With a strong rental history and prime location, this property offers both an attractive investment and a welcoming place for businesses to thrive.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

9.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5623 S Main St

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,680 SF

ZONING

-

APN/PARCEL ID

0110140000018

ASK ABOUT THIS PROPERTY

Velma EllisonAlliance PropertiesMore Info
281-851-7733

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Velma EllisonAlliance PropertiesMore Info
281-851-7733

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