Retail/Office Building 10266 North Fwy

10266 North Fwy , Houston, Texas, 77037 | 10,579 sq.f | $ 1,975,000

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About This Restaurant

Investment Highlights

Strategically positioned with direct frontage on North Freeway (I-45) VPD on North Fwy 253,820 and 18,800 on North Fwy Frontage Rd Redevelopment opportunity. High visibility, this property offers prime exposure to thousands of daily commuters Great opportunity to bring new tenants and current tenants to long-term leases. Available for Ground Lease

Executive Summary

SALES PRICE JUST REDUCED NOW LISTED FOR $1,975,000Presenting a prime commercial opportunity in the thriving city of Houston, Texas, 10266 North Fwy offers an exceptional investment in a high-visibility location with freeway frontage. Strategically located, this property is well-suited for a wide range of commercial uses with outstanding potential for retail use. This property represents a solid investment opportunity with long-term growth and profitability potential on its current built-out structure or redevelopment project.Currently, 100% leased, with yearly and some month-to-month leases - Yearly leases ending in October-December 2024 - Major tenants are willing to renew.Month-to-month and short-term leases offer flexibility and attractive investment or end-use opportunities.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Daycare Center General Retail Freestanding Office Medical Fast Food
  • Building Size    10,579
  • Building Class    C
  • Year Built/Renovated    1984/2022
  • Price    1,975,000
  • Price Per SF    187
  • Cap Rate    6.84
  • NOI    135,056
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Building FAR    0.32
  • Land Acres    0.75 AC

Amenities

  • Monument Signage
  • Air Conditioning

Nearby Amenities & Transportation

Retail ALDI
Retail Fiesta Mart
Retail Buffalo Wild Wings Go
Retail Jack In The Box
Retail Starbucks
Retail Panda Express
Retail Chase Bank
Retail Rent-A-Center
Retail Amegy Bank
Retail La Michoacana Meat Market

Property Taxes

Parcel Number 0393370000080 Improvements Assessment $491,745 (2022)
Land Assessment $908,184 (2022) Total Assessment $(1) (0.00/SF)
Date Created: 2024-07-16 04:23:42 Last Updated: 2024-07-16 04:23:42
Address: 10266 North Fwy , Houston, Texas, 77037