5723 Airline Dr - Commercial LAND FOR SALE


Houston, TX 77076 76,230 SF
$2,400,000 USD
713-446-9400
5723 Airline Dr, Houston, TX for Sale
$2,400,000 USD
Commercial LAND - FOR SALE
1/8
76,230 SF

5723 Airline Dr
Houston, TX 77076


HIGHLIGHTS

  • Hard Corner, Stable Rent Roll, 9 Mobile Home Pads, 1 Mobile Home (Park Owned) and 1 Commercial Ground Lease Pad

OVERVIEW

MOBILE HOME PARK FOR SALE PARK REMODELED IN 2023 NEW UNDERGROUND ELECTRICAL, COMMON AREAS CONSTRUCTED, NEW DRIVEWAYS, BOUNDARY FENCING, COMMON AREA LIGHTING, COMMUNITY MAILBOX, ENTRY AND PARK PLAN IMPROVEMENTS 100% LEASED 9 PADS/GROUND LEASE MH PADS 1 PARK OWNED MOBILE HOME Commercial Pad - .75 Acres - 6-Year ground lease. 2% bumps annually. Landlord can terminate GL any time after April 2025. Hard Corner - Great visibility and depth on Airline. Platted JULY 1, 2024 - JUNE 31, 2025 NOI - $170,000 PRICE TRANSLATES TO $31 PSF to the DIRT WITH A 7 PERCENT COUPON - HARD CORNER - GENTRIFYING NEIGHBORHOOD - MAJOR THOROUGHFARE

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/ACRE

$1,371,429/AC

PRICE/SF

$31 USD /SF

# OF LOTS

-

ON GROUND LEASE

Yes

LAND DETAILS

PROPERTY NAME

AIRLINE RUSH PARK

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Industrial, Retail, Mixed Use, Hold for Development, Manufactured Homes/Mobile Home Park

LAND ACRES

1.75 AC

LAND SF

76,230 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

None

APN/PARCEL ID

0261250000074

ASK ABOUT THIS PROPERTY

Joe MoodyBlack Flag PropertiesMore Info
713-446-9400

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Joe MoodyBlack Flag PropertiesMore Info
713-446-9400

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