Welcome to 302 W Defee Ave, a fully renovated 8-unit retail center in the heart of Downtown Baytown, TX. This stabilized, income-producing property is 87.5% leased and offers investors immediate cash flow with a 10% CAP rate and an even higher 11.67% pro forma CAP rate upon full occupancy. Strategically located in Baytown’s revitalized downtown corridor, this property benefits from high foot traffic, excellent visibility, and strong tenant demand. Originally built in 1940, the building has been completely restored in 2024, blending historic character with modern retail spaces designed for a variety of businesses—including retail, office, cafés, tax offices, and even churches. With flexible Mixed-Use zoning, affordable pricing at $116.83/SF, and the potential for SBA financing, this is the ideal opportunity for both seasoned investors and first-time commercial buyers looking for a high-yield, low-maintenance asset.