11031 Tx-150 Shepherd, TX 77371
This exceptional two-unit commercial property, totaling 2,896 square feet, is ideally situated in Shepherd, Texas's historic downtown district. The building, constructed in 1975, features two units, each offering 3 bedrooms and 1 bathroom. The first-floor unit encompasses 1,296 square feet, while the second-floor unit provides 1,600 square feet of space. Benefitting from excellent highway frontage, this property enjoys easy access to Highway 59, placing it within convenient reach of Lake Livingston (17 minutes), Valley Ranch Town Center & Grand Parkway (27 minutes), and Houston and Bush Intercontinental Airport (39 minutes). The property sits on a 0.359-acre lot and is located within an Opportunity Zone. An adjacent lot is also available for potential expansion. This versatile property is perfect for a variety of retail or restaurant uses, offering significant potential for growth and return on investment. The property's APN is 8040-049-0071. This is a rare opportunity to acquire a well-located, established commercial property in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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