142 Truly Plz Cleveland, TX 77327

This exceptional mixed-use property, located at 142 Truly Plz, Cleveland, TX 77327, presents a compelling investment opportunity. The 2,745 square foot building sits on a 0.38-acre lot and boasts a desirable location with excellent frontage in a high-traffic area, adjacent to a Walmart. Currently, the property is 75% occupied by a hearing aid office tenant under a five-year lease with options to increase rent from $2,700 to $2,900 annually. This tenant occupies approximately 2,500 square feet. The remaining 745 square feet of vacant space offers significant potential for additional income, with estimated rental rates of $1,200 to $1,500 per month. The building, a former Pizza Hut, is in good condition and features efficient HVAC systems. The current lease includes a provision covering utilities. The asking price is $800,000, translating to a price per square foot of $291.44. This property offers a strong existing income stream with significant upside potential for increased rental revenue from the vacant space, making it an attractive investment for discerning buyers. The property is classified as both a shopping center and traditional office space.