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    1920 Tx-87 Bolivar Peninsula, TX 77650

    Sponsored
    For Sale
    $425,000

    Profitable Smoke Shop, Turnkey Operation

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turnkey business opportunity presents a thriving smoke shop located at 1920 TX-87 in Crystal Beach, Texas, within Galveston County, zip code 77650. Boasting a prime Highway 87 frontage location, this 1,500 square foot storefront sits on a 7,414 square foot lot. The property underwent a complete renovation in 2023, featuring new flooring, a state-of-the-art air conditioning system, and hurricane-resistant windows. The foundation has also been restructured, ensuring a solid and secure building. Currently generating $1600 per month in rent, the potential for increased revenue is significant, with the current market rate at $2200 per month. This single-story building offers a single unit, perfect for an owner-user seeking a profitable investment. The property is currently vacant, providing immediate occupancy for the new owner. The business is credit-rated, offering peace of mind for potential buyers. This is a full ownership opportunity, encompassing both the building and the established smoke shop business. The property's strategic location and recent renovations make this a truly exceptional investment opportunity in the vibrant Crystal Beach market. Don't miss this chance to acquire a well-established, high-potential business with a modern and updated building.

    Property Features for 1920 Tx-87

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,500 SF

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Currently leased at $1,600/month, market rent is $2,200/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Bolivar Peninsula
    County
    Galveston
    State
    Texas
    Longitude
    -94.6358015
    Latitude
    29.4584901

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    FAQs

    What type of property is this?
    Individual retail property - Profitable Smoke Shop, Turnkey Operation
    Where is this individual retail property located?
    The property is located at 1920 Tx-87 Bolivar Peninsula, TX.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Currently leased at $1,600/month, market rent is $2,200/month.; ;
    Request Owner's contact information
    1920 Tx-87 Bolivar Peninsula, TX 77650
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1920 Tx-87 Bolivar Peninsula, TX 77650
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