412 8Th St South Houston, TX 77587
Sponsored
Restaurant, Apartments, High ROI Potential
Property size:
3,123 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 391
Property Features for 412 8Th St
General Information
- Property type
- Restaurants
- Square Feet
- 3,123 SF
Building Details
- Year Built/Renovated
- 1945/2024
- Buildings
- 3
- Stories
- 2
- Units
- 5
HighLights
- Exceptional mixed‑use property in South Houston, TX, offering a value‑add investment opportunity.
- Located at 412 N 8th St, 77587, the 3,123 sq ft property sits on a 7,190 sq ft lot and includes three buildings with two stories each.
- Features a restaurant, two smaller commercial units, and two residential apartments (one 2/1 leased, one 1/1 vacant).
- Built in 1945, renovated in 2024, with a current NOI of $49,500 and a pro‑forma NOI of $58,223.
- Asking price: $545,000 ($184.12/sq ft), 9.08% current cap rate, 10.68% pro‑forma cap rate, 70% occupancy.
- Located in a non‑flooding zone.
Property Profile
Location Intelligence
Current Use by Public Records
Fritanga Nicaraguense La ...
Nicaraguan Restaurant
Location Insight
- Map
- Local Demand
- City
- South Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.2217187
- Latitude
- 29.669807
Nearby Comparable
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Restaurant, Apartments, High ROI Potential
Where is this restaurant located?
The property is located at 412 8Th St South Houston, TX.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Exceptional mixed-use property in South Houston, TX, offering a value-add investment opportunity.; Located at 412 N 8th St, 77587, the 3,123 sq ft property sits on a 7,190 sq ft lot and includes three buildings with two stories each.; Features a restaurant, two smaller commercial units, and two residential apartments (one 2/1 leased, one 1/1 vacant).
