283 Main StWarsaw, NY 14569

Property Details for 283 Main St

Year built

2019

Lot size

2.44 AC

Property size (Sq ft)

31,450 SF

Zone code

02 - SINGLE RESIDENCE

Property type

Hospitality properties

Property subtype

Hotels

APN

564801 73.15-1-25.1

APU

56480173151251

Description

This exceptional 1,400 square foot retail space is available for lease at 13170 FM 529, Houston, TX 77041. Located in a bustling shopping center on a major thoroughfare, this property boasts prime frontage on FM 529, ensuring high visibility and significant traffic flow. The space is situated directly across from a large residential community, providing a built-in customer base. The building, constructed in 2006, is a single-story, 9,100 square foot structure comprised of six suites, offering a Class C commercial environment. Currently fully built out as a lash studio, this versatile space is ideal for a variety of uses, including medical offices, beauty studios, spas, or other retail businesses. The lease rate is $1.25 per square foot per month, plus NNN charges. This represents a reasonable market rent considering the high demand location and its proximity to major highways and amenities. The property sits on 0.69 acres of land and offers excellent growth potential within a rapidly developing area. Don't miss this opportunity to establish your business in a thriving Houston neighborhood. The property is part of a larger shopping center with complementary businesses, further enhancing foot traffic and visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $6,479,579

  6.5%

  $5,981,150

  7%

  $5,553,925

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,070,526

  Geo Method

  $4,649,521

• Alternative Use

  Use

  Valuation

  Residential

  $6,529,678

  Hospitality

  $5,981,150

  Educational

  $4,976,246

  Medical

  $5,147,388

  Retail

  $7,740,828

Location Insight

City

Warsaw

County

Wyoming

State

New York

Latitude

42.7512

Longitude

-78.1331

Property Tax & Assessments

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