501 Main St Highlands, TX 77562-4262

This exceptional investment opportunity presents a 5,657 square foot mixed-use property located at 501 S. Main Street, Highlands, Texas 77562. The property boasts a strong 9.06% cap rate, generating a substantial net operating income (NOI) of $253,560 annually. Currently operating at 100% occupancy with ten diverse tenants, this two-story building offers a secure and diversified income stream. The property includes nine individual units, a mix of office space, retail, and a successful laundry business featuring state-of-the-art Swiss washing machines. Additional features include 35 parking spaces and a truck yard currently leased to a trucking company (small trailers included in the sale). The property sits on a sizable lot with an RV site at the rear. Conveniently located just minutes from I-10, this property benefits from low tax rates within the unincorporated area of Highlands, Harris County. The asking price is $2,800,000, translating to $494.96 per square foot. This is a gross lease property with no tenant credit rating information available. The property is classified as Class C and is offered as a net lease investment. This is a rare opportunity to acquire a well-established, high-performing multi-tenant property with significant upside potential.