102 Sealy St Alvin, TX 77511
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Downtown Alvin investment opportunity. High NOI potential.
Property size:
9,297 SFProperty Features for 102 Sealy St
General Information
- Property type
- Individual retail properties
- Square Feet
- 9,297 SF
- Class
- B
- Lot Size
- 21,780 SF
Building Details
- Year Built/Renovated
- 1908/2019
- Buildings
- 1
- Stories
- 2
- Units
- 5
Listing Agency: Tevas Real Estate Group Listing Agent: Jose Torres
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This remarkable two-story, 9,297 square foot mixed-use building, located at 102 W Sealy St in Alvin, Texas, presents a unique investment opportunity. Built in 1908 and renovated in 2019, this Class B property boasts a blend of office and retail spaces, currently housing Edward Jones, Credit Central, Parkwood Pharmacy, and Candrian Counselors. The building features five units, offering a diverse tenant base and strong rental history. With a current occupancy rate of 80% (as of July 31, 2021), the property generates a Net Operating Income (NOI) of $112,146, and a pro-forma NOI of $167,856, representing a 5.62% cap rate and a pro-forma cap rate of 8.42%, respectively. The asking price is $1,994,000, translating to $214.48 per square foot and $398,800 per unit. Situated on a 0.5-acre lot, the building includes a working elevator and benefits from recent upgrades to electrical systems and HVAC. Its prime downtown Alvin location, within an Opportunity Zone, enjoys high traffic counts (13,881) and offers significant potential for future growth. This property represents a chance to own a piece of Alvin's history while capitalizing on a strong investment opportunity with a motivated seller. The building's solid construction and recent improvements ensure a stable and potentially lucrative return on investment.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Alba Law Firm
Law Firm
Credit Central
Loan Service
Valuation Consultants
Consultant
Location Insight
- Map
- Local Demand
- City
- Alvin
- County
- Brazoria
- State
- Texas
- Longitude
- -95.2442474
- Latitude
- 29.4239965
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FAQs
What type of property is this?
Individual retail property - Downtown Alvin investment opportunity. High NOI potential.
Where is this individual retail property located?
The property is located at 102 Sealy St Alvin, TX.
What is the asking price?
The asking price for this property is $1,994,000.
What are key features of this property?
This property features: Solid rental history with diverse tenant base including Edward Jones, Credit Central, Parkwood Pharmacy, and Candrian Counselors.; Historic, mixed-use building in prime downtown Alvin location.; High traffic count of 13,881 vehicles.
