Listed by Coldwell Banker Commercial Arnold and Associates
$550,000
3945 Main Avenue, Groves, TX 77619
Details
APN 066050-000-000100-00000
Property Type Retail
Sub Type Gas Station
Square Footage 13,616
Units 3
Cap Rate 3.71%
NOI $20,400
Occupancy 25%
Tenancy Multi
Lease Type Modified
Price per SqFt $40
Year Built 1973
Buildings 2
Stories 2
Acreage 0.960
Zoning C2
Investment Type Value Add
Ground Lease Yes
Gas Station/Convenient store with Office and ground lease
Marketing description
Property Information:
Built in 1973 - 2 Structures on 0.9642 AC
3945 Main:
3,616 SF Full Service Gas Station/Convenience Store with Restaurant Tenant in place
6039 39th Street:
10,000 SF Office Retail Building with Parking Lot
6050 39th Street:
0.28 AC lot - Ground Lease in Place - Chico’s Patio
Steady traffic on Main Street and 39th Street with 7,803 Cars per day
Zoned: General Light Commercial*
*should be verified with the City of Groves
Income Producing Property/Value Add - Ready For Renovations!
Listing Contacts
Listed by Coldwell Banker Commercial Arnold and Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$20,400.00
$1,700.00/mo
Valuation Metrics
0
DSCR
3.71%
Cap Rate
3.71%
ROI
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