3945 Main Ave Groves, TX 77619
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High-traffic retail property, value-add opportunity.
Property size:
13,616 SFProperty Features for 3945 Main Ave
General Information
- Property type
- Automotive properties
- Square Feet
- 13,616 SF
- Lot Size
- 41,818 SF
Building Details
- Year Built
- 1973
- Buildings
- 2
- Stories
- 2
- Units
- 3
Listing Agency: Coldwell Banker Commercial Arnold and Associates Listing Agent: Tammiey Linscomb
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This income-producing property in Groves, Texas, presents a compelling value-add opportunity. The offering encompasses two structures totaling 13,616 square feet situated on a 0.96-acre lot. The main building, located at 3945 Main Avenue, is a 3,616 square foot full-service gas station and convenience store with an existing restaurant tenant. A second 10,000 square foot office retail building with ample parking is also included at 6039 39th Street. Additionally, a 0.28-acre lot at 6050 39th Street is part of the offering, subject to a ground lease. The property boasts a strong location with high traffic counts (7,803 cars per day) on Main Street and 39th Street. Built in 1973, the property features two buildings across two stories and is zoned C2 (General Light Commercial – verification with the City of Groves is recommended). Currently, the property has a 25% occupancy rate, generating a net operating income (NOI) of $20,400, with a 3.71% cap rate and an asking price of $550,000 ($40.39/sq ft). The property includes three units and one gas pump. The existing ground lease is in place. This property is ideal for an investor seeking a renovation project with significant upside potential in a high-traffic retail corridor.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Gas stations
Location Insight
- Map
- Local Demand
- City
- Groves
- County
- Jefferson
- State
- Texas
- Longitude
- -93.919848935866
- Latitude
- 29.944936728246
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FAQs
What type of property is this?
Automotive property - High-traffic retail property, value-add opportunity.
Where is this automotive property located?
The property is located at 3945 Main Ave Groves, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Value-add opportunity in Groves, TX with two buildings totaling 13,616 square feet on a 0.96-acre lot.; Includes a 3,616 sq ft gas station/convenience store with restaurant tenant and a 10,000 sq ft office/retail building.; High-traffic location (7,803 cars/day) on Main & 39th Streets.
