This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

4029 Melbourne St. - Stewart Automotive 4029 Melbourne St

2,574 SF 100% Leased Retail Building Houston, TX 77026 £359,927 (£140/SF) 13.57% Net Initial Yield

Investment Highlights

  • Established Automotive Business (41 Years) operating at this location.
  • All equipment, tools, and car lifts included.
  • Office space for business and (3) 1-bedroom apartments in main building!

Executive Summary

Established automotive repair property/business and equipment for sale. In addition to the office space for the automotive business, there are Three (1) bedroom apartments in the main building that are all currently leased on a month-to-month basis. Great location near Hwy 59 and Loop 610!

Attachments

4029 Melbourne St - Inventory

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,574 SF
Year Built/Renovated
1983/2000
Price
£359,927
Price Per SF
£140
Net Initial Yield
13.57%
NOI
£48,825
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.15
Lot Size
0.40 AC
Frontage
100 ft on Melbourne St.

Amenities

  • Fenced Lot
  • Listing ID: 31194169

  • Date on Market: 12/03/2024

  • Last Updated:

  • Address: 4029 Melbourne St, Houston, TX 77026

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}