1530 Kenforest Dr Missouri City, TX 77489

Property Details for 1530 Kenforest Dr

Year built

1980

Lot size

1.07 lot acres

Property size

14,710 SF

Zone code

X

Property type

Commercial real estate

APN

0264-00-000-0116-907

APU

264000000116907

Description

This exceptional 14,720-square-foot retail strip center in Missouri City, Texas, presents a compelling investment opportunity. Boasting a 6.04% cap rate and a strong net operating income (NOI) of $173,808, this property offers substantial financial returns. The single-story, 1980-built building sits on a 1.07-acre lot and features 10 units with 90% occupancy across nine tenants. The property benefits from a prime location on Kenforest Dr in Missouri City (77489), offering excellent visibility and accessibility. Its proximity to Texas Pkwy, the HCC campus, Discount Tire, and expanding residential areas ensures consistent foot traffic and strong potential for future growth. The ample 62-space parking lot caters to both tenants and customers. The property is zoned for retail use and offers pylon signage opportunities. This well-maintained Class C center presents a rare chance to acquire a stable, high-performing asset in a thriving market. The property's strong tenant base, many of whom are long-term, contributes to its consistent income stream. This mixed-use property is a turnkey investment ready for immediate returns. The asking price is $2,880,000.

Location Insight

City

Missouri City

County

Fort Bend

State

Texas

Longitude

-95.5263

Latitude

29.6048

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments