4950 Farm To Market 1960 Rd Houston, TX 77069
- Retail properties
- 71,530 SF
- 13.86 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4950 Farm To Market 1960 Rd
- Year built
- 1984
- Lot size
- 13.86 lot acres
- Property size
- 71,530 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
Chelsea Commons presents a compelling investment opportunity in the thriving FM 1960 submarket of Harris County. This established neighborhood shopping center, situated at the corner of Wunderlich and FM 1960, comprises three single-story buildings totaling 71,530 square feet across 18 suites. Built in 1984, the property boasts ample parking with 350 spaces, catering to the needs of both tenants and customers. The diverse suite sizes range from 1,029 square feet to 10,567 square feet, offering flexibility for a variety of retail uses. Currently, there are twelve available spaces, presenting a unique chance to acquire a significant portion of this well-located center. The property sits on a substantial 13.86-acre lot, providing ample room for expansion or future development. Its established location and significant square footage make Chelsea Commons an attractive prospect for investors seeking a strong return on investment in a busy retail corridor. The property's history as a successful retail center, encompassing previous uses such as restaurants and a beauty school, speaks to its enduring appeal and adaptability to various commercial ventures. The multiple tenancy structure provides a diversified income stream, mitigating risk and enhancing the overall value proposition. This is a rare opportunity to acquire a substantial retail property in a high-traffic area with significant potential for growth and profitability.
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
- -95.5048
- Latitude
- 29.9845
