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Invest in Your Business Future with Our Small 8631 Martin Luther King Jr Blvd

2,912 SF 100% Leased Retail Building Houston, TX 77033 £239,430 (£82/SF) 8.01% Net Initial Yield

Investment Highlights

  • Growing neighborhood
  • More room for improvement or development project.
  • Good entries to Houston central, 610 and i45.

Executive Summary

We present to you an outstanding investment prospect: a strategically located building that promises both immediate returns and long-term appreciation. This is your chance to step into a lucrative venture in the Southeast Houston, where possibilities abound. There are upside potentials: Capitalize on the neighborhood's upward trajectory with planned developments and infrastructure projects set to enhance property values; Take advantage of the building's potential for future expansion or improvement, adding significant value to your investment.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
2,912 SF
Building Class
C
Year Built
1959
Price
£239,430
Price Per SF
£82
Net Initial Yield
8.01%
NOI
£19,178
Percent Leased
100%
Number of Floors
1
Building FAR
0.18
Land Acres
0.38 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0470560000009
Land Assessment
£130,262
Improvements Assessment
£106,445
Total Assessment
£236,707
  • Listing ID: 30556421

  • Date on Market: 06/01/2024

  • Last Updated:

  • Address: 8631 Martin Luther King Jr Blvd, Houston, TX 77033

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