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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1920 Tx-87 Bolivar Peninsula, TX 77650

1,500 SF
Property ID
Property summary
AI-generated overview

This exceptional turnkey business opportunity presents a thriving smoke shop located at 1920 TX-87 in Crystal Beach, Texas, within Galveston County, zip code 77650. Boasting a prime Highway 87 frontage location, this 1,500 square foot storefront sits on a 7,414 square foot lot. The property underwent a complete renovation in 2023, featuring new flooring, a state-of-the-art air conditioning system, and hurricane-resistant windows. The foundation has also been restructured, ensuring a solid and secure building. Currently generating $1600 per month in rent, the potential for increased revenue is significant, with the current market rate at $2200 per month. This single-story building offers a single unit, perfect for an owner-user seeking a profitable investment. The property is currently vacant, providing immediate occupancy for the new owner. The business is credit-rated, offering peace of mind for potential buyers. This is a full ownership opportunity, encompassing both the building and the established smoke shop business. The property's strategic location and recent renovations make this a truly exceptional investment opportunity in the vibrant Crystal Beach market. Don't miss this chance to acquire a well-established, high-potential business with a modern and updated building.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1,500 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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