412 S 8th St - Flex FOR SALE


South Houston, TX 77587
$550,000 USD
713-855-0588
412 S 8th St, South Houston, TX for Sale
$550,000 USD
Flex - FOR SALE
1/30
null | 8.96% Cap Rate

412 S 8th St
South Houston, TX 77587


HIGHLIGHTS

  • ADD VALUE
  • Mix Use

OVERVIEW

Investors, seize this opportunity (9% CAP) to acquire a mixed-use property on a spacious 7,190 square foot lot. This versatile property features a total of 3,123 square feet, including a restaurant space, two smaller commercial units, and two rental units. Monthly rent income is $5,070.00 ($3100 + $975 + $995).The restaurant lease brings in $3,100 and is secured for next 3 years presenting a unique opportunity for a business venture combined with residential space. Savvy investors will appreciate the potential for increased cash flow by leasing the two smaller commercial/storage units, thereby enhancing the property's value. Located in a non-flooding zone, this property promises both security and growth. Further details are available to facilitate your acquisition process, with a loan estimate attached showing cash flow aligned with payments. See attached.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

8.96%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed Use: Restaurant + Multifamily

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0341550070016

ASK ABOUT THIS PROPERTY

Kate MyhanJPAR The Sears GroupMore Info
713-855-0588

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Kate MyhanJPAR The Sears GroupMore Info
713-855-0588

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.