527 Barren Springs Dr Houston, TX 77090
- Lifestyle centers
- 6,624 SF
- 0.40 lot acres
Current Use by Public Records
- J&J FOOD MART / Convenience Store / Atm
- Lucky Tax and Notary / Tax Preparation Service / Notary Public
- ATM (ATM Link, Inc.) / Atm
- Western Union / Money Transfer Service
Property Details for 527 Barren Springs Dr
- Year built
- 1984
- Lot size
- 0.40 lot acres
- Property size
- 6,624 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 6,624 square foot shopping center in Houston, Texas presents a compelling investment opportunity. Located at 527 Barren Springs Dr, 77090, this fully renovated (2023) property boasts four tenants under a gross lease, achieving 100% occupancy and generating a strong net operating income (NOI) of $76,291, representing a 7.50% capitalization rate. Built in 1984 and situated on a 0.4-acre lot, the property includes 24 parking spaces and features significant recent upgrades, including new HVAC units, all new interior electric wiring and plugs, LED lighting throughout the building and pylon sign, and a restriped all-concrete parking lot. Seller financing is available. The property's recent renovations eliminate any immediate capital expenditure needs, ensuring a predictable and stable income stream. This turnkey investment is ideal for investors seeking a hands-off approach with a proven track record of success. The asking price is $1,017,200, translating to $153.56 per square foot. This represents a rare opportunity in the Houston market for a stable, high-performing asset in this price range. The property's strong performance and minimal maintenance requirements make it an attractive option for both seasoned and first-time investors.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4323
- Latitude
- 29.99
