1520 College Ave South Houston, TX 77587-5408
This exceptional Class A retail strip center, located at 1520 College Ave in South Houston, Texas, presents a unique investment opportunity. Boasting a total of 43,030 square feet across five suites, this single-story building sits on a generous 4.07-acre lot (177,376 square feet) and offers ample parking with 150 spaces. Currently, 19,999 square feet of space is available, with individual suites ranging from a minimum of 1,363 square feet to a maximum contiguous space of 8,327 square feet. Originally constructed in 1959, the property underwent a complete renovation in 2022, ensuring modern amenities and a high-quality finish. Situated in the CG - South submarket of Harris County (zip code 77587), this location benefits from its proximity to major transportation arteries, the Houston Ship Channel, and significant industrial and commercial activity. The South Houston area is home to a thriving business community, including numerous light manufacturing, fabrication, service, and retail businesses. Its convenient location offers easy access to Pasadena, Deer Park, and is only eleven miles from downtown Houston, placing it within a short distance of Clear Lake, Galveston, and the NASA Johnson Space Center. This property offers a compelling combination of size, location, and recent renovations, making it an ideal investment for discerning buyers.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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