8502 C E King Pky - Apartments FOR SALE


Houston, TX 77044
$1,000,000 USD
713-459-2222
8502 C E King Pky, Houston, TX for Sale
$1,000,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

8502 C E King Pky
Houston, TX 77044


HIGHLIGHTS

  • 9 Income Producing Units
  • Heavy Daylight Traffic - 19,340 VPD on C E King Parkway (TxDOT, 2024)
  • Flood Zone X
  • Excellent Connectivity to US 90, Beltway 8, Interstate 10, Grand Parkway 99, I-610 Loop, and Interstate 59/69
  • In Proximity to Major Retailers and Downtown Houston
  • Perfect Mixed-Use and Multi-Family Investment

OVERVIEW

This prime mix-use and multi-family investment opportunity located on the corner of C E King Parkway and Ticonderoga Road that features 98 feet of frontage on C E King Parkway and strong visibility with over 19,340 vehicles a day (TxDOT, 2024) and 347 feet of frontage on Ticonderoga Road. This versatile property includes an income producing Retail Center with 3 units, two apartment units, and four separate trailers (2 Double-Wide, 2 Single-Wide), totaling 10,128 SF of building area on 33,894 SF of land. The site’s flexible layout offers both income-producing retail and residential components, making it well-suited for an investor seeking immediate cash flow. With excellent connectivity to US 90, Beltway 8, Interstate 10, Grand Parkway 99, I-610 Loop, and Interstate 59/69, this property provides easy access across the Greater Houston area. Its strategic location also places it in close proximity to major retailers such as JCPenney, Burlington, Ross Dress for Less, Walmart, Joe V’s Smart Shop, and Kroger, while being only 20 minutes from Downtown Houston. With its combination of high visibility, mixed-use versatility, and proximity to national retailers, this property offers a rare opportunity for investors. Whether you’re looking to generate immediate rental income or expand your portfolio, this property is perfectly positioned for long-term success in one of Houston’s most actively growing corridors.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

9

PRICE/UNIT

$111,111

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Manufactured Housing/Mobile Housing, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,894 SF

ZONING

None

APN/PARCEL ID

0680630180036,6000003029914,6000003029915

ASK ABOUT THIS PROPERTY

Ernesto RamirezIndependence Real Estate, Inc.More Info
713-459-2222

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Ernesto RamirezIndependence Real Estate, Inc.More Info
713-459-2222

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