3602 Houston Hwy Victoria, TX 77901-4754

Property Details for 3602 Houston Hwy

Year built

1983

Construction

FRAME

Lot size

1.42 lot acres

Property size

12,690 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

53820-001-00100

APU

5382000100100

Description

This exceptional investment opportunity presents Tanglewood Square, a thriving 1.42-acre shopping center in Victoria, Texas. Located at the highly visible corner of Highway 59 and Sam Houston, this property boasts a prime location with easy highway access and a signalized hard corner. The center enjoys exceptional daily traffic counts exceeding 29,000 vehicles, ensuring maximum exposure for its nine tenants. The diverse tenant mix includes service, food, and unique retail businesses, creating a robust and stable income stream. The property features a single-story building with units ranging from 600 to 3,740 square feet. Remarkably, one tenant has occupied their space since the center's opening in 1987, demonstrating the property's enduring appeal and strong tenant relationships. Two additional tenants have been in place for over 30 years. Currently operating at 100% occupancy, this multi-tenant shopping center offers a secure and passive income structure. Its strategic location near major national and regional retailers such as Walmart, Motel 6, Whataburger, Domino's, and Dollar Tree further enhances its value and attractiveness. The asking price for this established and successful shopping center is $2,990,000. This is a rare opportunity to acquire a well-established, high-performing retail asset in a desirable location.

Location Insight

City

Victoria

County

Victoria

State

Texas

Longitude

-96.9663

Latitude

28.8161

CBSA code

47020

CBSA name

VICTORIA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments