11921 Bissonnet St Houston, TX 77099-1425

Property Details for 11921 Bissonnet St

Year built

1984

Construction

STEEL FRAME

Lot size

1.93 lot acres

Property size

13,605 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1157800000005

APU

1157800000005

Description

This exceptional mixed-use property, Royal Center, located at 11921 Bissonnet St, Houston, Texas 77099, presents a compelling investment opportunity. Priced at $10,000,000, this 55,420 square foot building boasts a 4.53% cap rate and a Net Operating Income (NOI) of $452,707. The property features a diverse mix of 22 tenants operating under month-to-month leases, providing flexibility and potential for future income growth. Its prime location in Harris County offers excellent visibility from Bissonnet St and convenient access to major highways and public transportation, ensuring high traffic and accessibility. The strong demographic profile of the surrounding area, coupled with thriving businesses, guarantees a steady stream of potential customers. This owner-user investment opportunity is ideal for those seeking a stable return and long-term growth potential. The $180.44 price per square foot reflects the property's value and potential for appreciation. The building's prominent signage and diverse tenant mix contribute to its overall attractiveness and profitability. This is a rare chance to acquire a well-established, high-performing mixed-use asset in a dynamic Houston market.