Property Details for 7975 Bellfort Ave

Year built

1982

Lot size

1.57 lot acres

Property size

31,997 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 31,997 square foot retail property, situated on a 1.57-acre lot in Houston, Texas, presents a compelling investment opportunity. Built in 1982, the property is ideally located at a major intersection with a traffic signal, offering high visibility and accessibility. Its diverse zoning allows for a variety of uses, including auto shops, convenience stores, and shopping centers, making it suitable for a wide range of businesses. The property boasts a strong current rental income of $16,150 per year. Furthermore, its strategic location within a rapidly growing neighborhood, surrounded by over 66,000 homes within a 5-mile radius, ensures a substantial customer base. The property's financial performance is further highlighted by its annual property tax of $45,228.65, property insurance of $31,626, and a maintenance expense of $6,500 for the previous year. The asking price is $2,650,000, representing a price per square foot of $82.82. The seller is motivated and open to negotiations with serious buyers. This property offers significant potential for growth and return on investment. The absence of an onsite detention requirement adds to its appeal. All financial information should be independently verified by the buyer.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.2703

Latitude

29.6745