4904 Highway 6 Houston, TX 77084
- Lifestyle centers
- 15,350 SF
- 1.19 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 4904 Highway 6
- Year built
- 1978
- Lot size
- 1.19 lot acres
- Property size
- 15,350 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Houston retail investment opportunity presents a 15,350 square foot shopping center, boasting 100% occupancy and a strong NOI of $241,327. The property, situated on 1.19 acres at 4904 Hwy 6 N, Houston, TX 77084, comprises nine units within a single, one-story building constructed in 1978. Currently operating under a NNN lease structure, this stabilized investment offers a compelling 6.03% cap rate at an asking price of $4,000,000 ($260.59/sq ft). Located in the thriving Addicks area, the property benefits from its proximity to George Bush Park, West Houston Airport, and a variety of dining establishments. The property's prime location and diverse tenant mix ensure consistent income and long-term growth potential. This well-maintained asset is ready for immediate income generation, making it an ideal addition to any investor's portfolio. The property is zoned for commercial use and offers versatile space suitable for a variety of retail endeavors. This is a rare opportunity to acquire a high-performing retail center in a desirable Houston location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.6455
- Latitude
- 29.8474
