3 Locations For Sale

These are three adjacent properties. 9202 Ashville Dr sits on the corner of Ashville and Reed Rd, a very busy intersection. 9202 Ashville is a nearly 1,000-sq ft restaurant leasing for $2,000/month. The adjacent property, 0 Ashville Dr. is a 7755 sq ft vacant lot, lots of potential to add another building. The 3rd property sits next to the vacant lot and is a 2772 sq ft building being used as an elderly care facility for men. The owner manages that property and receives $3800 monthly. The elderly care facility has 2 more beds available which would bring the total cap rate to .093 for the restaurant and the elderly care facility. There is plenty of room in the front for parking and the land behind these 3 parcels was recently purchased by Centerpoint Energy.