About This Restaurant
Investment Highlights
On Busy street of Fannin Great for Restaurant, Optometry , Specialized Dentistry, or Medical office Corner Lot High appreciation with current on-going construction projects
Executive Summary
OWNER FINANCING AVAILABLE! SEE BELOW FOR MORE DETAILS!Perfect for restaurant Conversion. 2 stories building 5,040 sf total on This corner lot (5,000 sf) on Fannin Street offers high visibility and would also be ideal for a medical office, optometry clinic, or specialized dentistry. The second floor of the building can also be used as a living space. Very close to downtown high-rise buildings. Additionally, the recently constructed high-rise apartments across the street could generate substantial traffic making it a great investment opportunity?very strong potential for appreciation as you can see ongoing construction around this property.Showing by appointment ONLY. NDA & POF will be required.OWNER FINANCING 4.7% with 30% DOWN3-Year BalloonAvailable parking: 7 spaces.2 front (street parking)3 side (street parking, after construction completion)2 back (on property parking)Retail parking lot across Fannin St.
Property Details
- Sale Type Investment or Owner User
- Property Type Office Office General Retail Bar General Retail Restaurant Office Medical Office
- Building Size 5,040
- Building Class C
- Year Built 1948
- Price 999,999
- Price Per SF 198
- Percent Leased Vacant
- Building Height 2 Stories
- Typical Floor Size 2,750
- Building FAR 1.05
- Land Acres 0.11 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Signage
- Air Conditioning
- Smoke Detector
Property Taxes
Parcel Number | 0191930000006 | Improvements Assessment | $375,000 |
Land Assessment | $112,292 | Total Assessment | $487,292 |
Date Created: | 2024-07-16 04:23:42 | Last Updated: | 2024-07-16 04:23:42 |
Address: | 3221 Fannin St , Houston, Texas, 77004 |