2883 Croix Rd Manvel, TX 77578
This exceptional commercial property, located at 2883 County Rd 58 (Croix Rd), Manvel, TX 77578, presents a compelling investment opportunity in a rapidly developing area. The 5.97-acre lot boasts 260,058 square feet of air rights and features four buildings totaling 1,672 net rentable square feet, constructed in 2005 and renovated the same year. Currently housing a Dollar General, 7-Eleven, and Exxon Mobile, this multi-tenant property offers a diverse income stream. The property is zoned commercial and benefits from a high-traffic location along the rapidly growing SH 288 corridor, near newly developed subdivisions like Bluewater Estates and Newport Estates. The 8-foot ceiling height provides ample space, and the property includes one gas pump. There are no loading docks. This owner/user investment opportunity is free from MUD and HOA fees, offering significant potential for future development or expansion. The existing house on the property could serve as temporary office space. The property's prime location near the intersection of SH 288 and Hwy 6, and the expanding west side of Pearland, ensures continued growth and high visibility. The property features 351 feet of frontage on CR 58 and a depth of 708 feet. The asking price is $1,490,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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Risks
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