1220 Broadway St La Porte, TX 77571
- Retail properties
- 8,017 SF
- 0.53 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1220 Broadway St
- Year built
- 1974
- Lot size
- 0.53 lot acres
- Property size
- 8,017 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 100% occupied, net-leased convenience store in La Porte, Texas. Located at 1220 S Broadway St, 77571, this Class C retail property boasts 8,017 square feet on a 0.53-acre lot, zoned for commercial use. Built in 1974, the building generates a substantial net operating income (NOI) of $54,000 annually, translating to a compelling 9.82% capitalization rate. The asking price is $550,000, representing a price per square foot of $68.60. The property benefits from a strong tenant occupancy, with all utilities covered by the tenant, ensuring a consistent and reliable income stream. This presents a rare chance to acquire a well-established, cash-flowing retail asset in a desirable location within Harris County. The property's strong performance metrics and stable tenancy make it an attractive addition to any investment portfolio. The convenient location and consistent rental income of $4,500 per month offer significant potential for long-term growth and return on investment. This is a turnkey opportunity for investors seeking a stable and profitable commercial property.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Porte
- County
- Harris
- State
- Texas
- Longitude
- -95.019
- Latitude
- 29.6504
