Excellent opportunity to acquire a 5,150 SF freestanding commercial building situated on a 6,660 SF lot in Houston, TX. The property is fully built out as a bar/live music venue and is currently leased at $6,000 per month (gross) through December 31, 2026, with an option to renew—providing immediate, stabilized cash flow from day one.
Offered at $450,000, the property reflects a 13.43% cap rate based on current NOI of $60,414.
The building features an open floor plan with stage area, large bar setup, lounge sections, and approximately 200-person occupancy capacity. Improvements include sound and security systems and a 4-year-old HVAC system. The tenant is responsible for most repairs and day-to-day maintenance, making this a largely low-management investment.
Survey available. Owner financing may be considered.
Ideal for investors seeking strong yield with limited landlord responsibilities and future upside potential.