7011 Harrisburg Blvd - Storefront FOR SALE


Houston, TX 77011- Magnolia Park
$2,500,000 USD
281-690-0535
7011 Harrisburg Blvd, Houston, TX for Sale
$2,500,000 USD
Storefront - FOR SALE
1/6
null | 10.04% Cap Rate

7011 Harrisburg Blvd
Houston, TX 77011
Magnolia Park


HIGHLIGHTS

  • Located on the highly dense Eado District of Houston
  • Located in Opportunity Zone
  • Centrally located between two major employment hubs
  • Excellent access to major thoroughfares including Hwy 90 Alt,

OVERVIEW

CAP RATE BASED ON PRO-FORMA OCCUPANCY. PRIME VALUE ADD OPPORTUNITY. ROM Commercial Properties is pleased to present a 77% occupied property with full roster of E-Commerce resistant tenants. This property presently consists of six tenant building on a 14,359 square foot building located on the east end near downtown Houston. Priced at $174 PSF to the building which constitutes 50% of replacement value. Current tenant rents are below market and excellent opportunity for a 10-15% cap rate acquisition. The property has easy access to Downtown, Toyota Center, Daikin Park, among other Houston attractions. Amply parking and lighting and well maintained with no deferred maintenance. The property is also located within TIRZ 23 (Tax Reinvestment Zone) with high AVD Traffic counts.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

10.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7011 Harrisburg Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

82,999 SF

ZONING

-

APN/PARCEL ID

1319100010001

ASK ABOUT THIS PROPERTY

Rafael MelaraROM Commercial PropertiesMore Info
281-690-0535

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Rafael MelaraROM Commercial PropertiesMore Info
281-690-0535

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