1619 Texas Pkwy, Missouri City, TX 77489

Building Details

Year Built

1997

Listing agent Thế Trinh Nguyen License #617251

Listing office Trinh Nguyen

Listing date Jul 31, 2024

Source Crexi

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 Trinh Nguyen

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Overview

This 4,500-square-foot retail strip center, constructed in 1997, is situated on a 0.58-acre lot in Missouri City, Texas. The property is fully leased by reliable tenants, including one with a long-term lease of 10 years. Located on the busy Texas Pkwy, the property benefits from high visibility and significant foot traffic. It is adjacent to a newly-built Discount Tire and directly across from the HCC Missouri City campus. The area is experiencing rapid growth, with expanding industrial warehouses, office spaces, and numerous newly-developed residential neighborhoods. The property presents a unique investment opportunity, with no comparable properties available for sale within a 10-mile radius. Current rents are below market rates, offering potential for future increases. Pro-forma NOI for 2025 is projected to reach $97,000. The location provides convenient access to Sugar Land and Pearland.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Missouri City

County

Fort Bend

State

Texas

Longitude

-95.5263954

Latitude

29.6041096

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FAQs

What type of property is this?

Strip mall - Fully leased retail strip center in a high-traffic location.

Where is this strip mall located?

The property is located at 1619 Texas Pkwy Missouri City, TX.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Seller financing available with a low interest rate (more than 50% down payment required).; Fully leased retail strip center with reliable tenants, including one with a 10‑year lease.; **High visibility location on busy Texas Pkwy, ensuring significant foot traffic.**