5107 Hwy 288b Clute, TX 77531-5065
This exceptional mixed-use property, located at 5107 N Hwy 288 in Clute, Texas, presents a compelling investment opportunity. The 3,125 square foot building, situated on a single story, offers a versatile layout ideal for a variety of commercial uses, including office, retail, or industrial businesses. The asking price is $575,000, translating to $184 per square foot. The property features a well-designed interior including one office, a reception area, a kitchen, and two and a half restrooms. Its convenient location off of busy Highway 288 ensures high visibility and accessibility for customers and employees. The property is available for occupancy beginning May 1st, 2024. This is a rare opportunity to acquire a well-maintained, strategically located commercial space in the thriving Brazoria County market. The property's adaptability makes it suitable for a wide range of businesses seeking a prominent presence in a high-traffic area. The building's functional design and ample space provide a solid foundation for immediate occupancy and future growth. Serious inquiries are encouraged to explore this promising investment prospect further. The property is located in the city of Clute, zip code 77531.
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
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.