Corner Automotive Redevelopment
For Sale
Contact for pricing
1500 N Washington Ave, Cleveland, TX 77327
Corner commercial site with public utilities and buildings suited for automotive, retail, office, or service use.
Property Size1,200 SF
Lot Size0.49 Acres
Price / SF$166.67
Days on Market51
Property Features for 1500 N Washington Ave
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.49 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
Anne Vickery & Associates Realty LLC
(713) 907-9680
Listed By:
Anne Vickery · License #/9005105
(713) 907-9680
Source:
Moodyscre
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 29 at 10:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anne Vickery & Associates Realty LLC
Investment Insights
Based on property information with market context.
This for-sale corner property at 1500 N Washington Ave includes approximately 0.49 acres and public utilities available. The site contains two structures: one building previously used as a mechanic shop and a smaller building that was an older gas station. Fuel tanks have been removed, per the TCEQ.
Positioned along a primary business corridor, the property is described as having strong street presence and convenient ingress and egress due to its corner location. It is also noted as being near downtown Cleveland and major transportation routes, including US Highway 59.
With existing automotive-related improvements and a corner configuration, the property can be a practical fit for businesses seeking a commercial location with on-site structures and straightforward vehicle access. It may also suit buyers evaluating redevelopment for a range of commercial uses such as retail, office, or service, subject to applicable requirements.
Positioned along a primary business corridor, the property is described as having strong street presence and convenient ingress and egress due to its corner location. It is also noted as being near downtown Cleveland and major transportation routes, including US Highway 59.
With existing automotive-related improvements and a corner configuration, the property can be a practical fit for businesses seeking a commercial location with on-site structures and straightforward vehicle access. It may also suit buyers evaluating redevelopment for a range of commercial uses such as retail, office, or service, subject to applicable requirements.
Key Highlights
- 0.49‑acre corner commercial site (21,344 SF) with public utilities available
- Buildings on‑site include one formerly used as a mechanic shop and another small building formerly used as a gas station
- Fuel tanks have been removed per the TCEQ
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.6k | $20.52 |
| − Vacancy | −$1.4k | −$1.17 |
| EGI | $23.2k | $19.35 |
| − OpEx | −$5.8k | −$4.84 |
| NOI | $17.4k | $14.51 |
1,200 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$248.8K
$217.7K – $290.3K
NOI $17,415 @ 7.0% cap · market cap 8.71%
Second Best
Retail
$232.5K
$203.4K – $271.2K
NOI $16,272 @ 7.0% cap · market cap 8.14%
Theoretical Best
Multifamily LT 5
$13.45M
$11.77M – $15.70M
NOI $941,764 @ 7.0% cap · market cap 470.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
36k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
QuikTrip
Shops & Services
31,797 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
4,330 visits/mo
0.3 miles
Demographics for 77327, TX
32,269
Population
12,967
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
75%
High-School Grad
339.1 sq mi
ZIP Area
95
Density / Sq Mi
$57,538
Median Household Income
$39,382
Median Earnings
$1,001
Median Rent
$144,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- George's Garage — 312 N Washington Ave, Cleveland, TX 77327
- Redline Tires, Auto and Semi — 110 W Boothe St, Cleveland, TX 77327
- Smith Towing — 213 N Washington Ave, Cleveland, TX 77327
- Kirchner's Auto/Fleet (24hr. Roadside Mechanic Service's) — Road side only, Cleveland, TX 77327
- Smith Auto Electric — 112 W Boothe St, Cleveland, TX 77327
Frequently Asked Questions
What type of property is this?
Auto shop - Corner commercial site with public utilities and buildings suited for automotive, retail, office, or service use.
Where is this auto shop located?
The property is located at 1500 N Washington Ave Cleveland, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 0.49‑acre corner commercial site (21,344 SF) with public utilities available; Buildings on‑site include one formerly used as a mechanic shop and another small building formerly used as a gas station; Fuel tanks have been removed per the TCEQ
