306 Main St Clute, TX 77531-4798
This stabilized investment opportunity presents a 3,072 square foot shopping center in Clute, Texas, situated on a 11,160 square foot lot. Built in 1996, the property features one building with 18 parking spaces and boasts two established businesses: a beauty salon and a clothing boutique. Each business includes a reception area, kitchenette, laundry room, and two restrooms. The beauty salon features nine stations, four water bowls, and two dryers (conveyance optional). The property's prime location on East Main Street offers convenient access to Highway 288, ensuring high visibility and foot traffic. The asking price is $475,000, translating to $154.62 per square foot. Owner financing is available, making this an attractive proposition for investors seeking a turnkey retail operation with significant upside potential. The property is 100% owned and presents a rare opportunity to acquire a well-established, multi-tenant retail center in a thriving Texas community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2018Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.