7600 Bayway Dr Baytown, TX 77520
- Commercial real estate
- 7,803 SF
- 4.84 lot acres
Current Use by Public Records
- Lercy's Diner South / Restaurant
Property Details for 7600 Bayway Dr
- Year built
- 2018
- Lot size
- 4.84 lot acres
- Property size
- 7,803 SF
- Property type
- Commercial real estate
Description
This exceptional mixed-use investment property, located at 7600 Bayway Drive in Baytown, Texas, presents a compelling opportunity for discerning investors. The 7,800 square foot building, constructed in 2018, sits on a 4.84-acre lot and boasts a strong 8.34% capitalization rate, generating a net operating income (NOI) of $91,789. The property is currently 100% occupied by two tenants: Lercy's Restaurant, Exxon/Mobil, and Safety Advantage, under a triple-net (NNN) lease structure, minimizing landlord responsibilities. The property is classified as Class B and features a single-story building with a permitted NSC zoning designation. Its prime location is just half a mile south of Spur 330, offering excellent visibility and accessibility, particularly given its proximity to Exxon/Mobil. The asking price is $1,100,000, translating to $140.97 per square foot. A significant advantage is the inclusion of an additional 2.5 acres of undeveloped land, presenting potential for future expansion or development. The property's strong financial performance, coupled with its strategic location and development potential, makes it an attractive investment with significant upside potential. The pro-forma NOI and cap rate are both 8.34%, reflecting a stable and predictable income stream. This offering is priced well below replacement cost, making it a particularly compelling investment opportunity in the thriving Baytown market. The property's Harris County location, zip code 77520, further enhances its appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baytown
- County
- Harris
- State
- Texas
- Longitude
- -95.0312092
- Latitude
- 29.7745645
