616-624 Marina Bay Dr - Storefront FOR SALE


Kemah, TX 77565
$1,500,000 USD
832-483-7393
616-624 Marina Bay Dr, Kemah, TX for Sale
$1,500,000 USD
Storefront - FOR SALE
1/24
null | Request Cap Rate

616-624 Marina Bay Dr
Kemah, TX 77565


HIGHLIGHTS

  • Canal access with water views and outdoor seating area in all units.
  • In the heart of the Clear Lake Shores/Kemah entertainment area.
  • 100% leased with a low property tax rate

OVERVIEW

Multi-Tenant/Building, high visibility waterfront center located in the entertainment area of Clear Lake Shores/Kemah. 100% leased to 5 strong tenants. Low Property Tax Rate of 1.48% and minimal maintenance expense provides maximum cash flow. Gross leases with multi-year term lengths. Includes leased Billboard. High average household incomes with very strong population growth. Canal access with water views and outdoor seating area in all units.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

-

APN/PARCEL ID

4595-0000-0000-003

ASK ABOUT THIS PROPERTY

Marty McAdamsMcAdams & AssociatesMore Info
832-483-7393

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Marty McAdamsMcAdams & AssociatesMore Info
832-483-7393

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