201 Velasco St 288B Angleton, TX 77515-4438

This exceptional 19,451-square-foot shopping center, located at 201 N Velasco St in Angleton, Texas (77515), presents a compelling investment opportunity. The property, built in 1955, sits on a 0.56-acre lot and boasts a remarkable 98.59% occupancy rate across its 26 tenants. Its prime location at a signalized intersection offers excellent visibility and accessibility. The center is conveniently situated within walking distance of the Brazoria County Court House and the Angleton Chamber of Commerce, ensuring high foot traffic and a strong tenant base. The property features short-term gross leases, providing potential for future rental rate increases and upside. The consistent high occupancy rate (over 90% for more than a decade) demonstrates the property's enduring appeal and strong cash flow. This retail and professional property is offered at a price significantly below replacement cost, making it an attractive investment with substantial potential for return. The property includes ample parking. The property type is retail, specifically a shopping center, with multi-tenancy.