Description: 2900 square foot shopping center on corner lot on 1/2 acre and has great parking space. The lots are designated commercial property right now. The store has potential to be a working convenient store or private office. 12,375 square feet and is 11,250 square feet.  Located in Central Houston, TX in prestige neighborhood, basically sold at LOT value.

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Traffic

Collection Street Cross Street Traffic Vol Year Distance
main
main
16,276
2015
0.12 m

Demographics

1 Mi 3 Mi
Population
16,139
125,053
Households
5,404
44,327
Average Age
35.20
37.00
Median HH Income
$55,565
$66,387
Daytime Employees
12,986
74,227
Population Growth ’17-’22
7.8%
7.5%
Household Growth ’17-’22
7.5%
7.3%

For Sale

Price $699,000
Price/SF $238.10
Sale Type Owner/User
Status Active
On Market 6 Days
Last Updated Jul 7, 2017

Building

Type 4 Star Retail Convenience Store
GLA 2,940 SF
Stories 1
Typical Floor 2,940 SF
Walk Score®Very Walkable (70)
Transit Score®Some Transit (39)

Land

Land Acres0.54 AC
Bldg FAR0.12
Land SF23,625 SF
Parcel0836600000001
2016 Assessment
Improvements
Land
Total Value
 $90,611
 $123,750
$214,361
 $30.82/SF
 $5.24/SF
$9.07/SF
YEAR BUILT: 1958
Current
YOY Change

Vacancy Rates

Current Building
100%
100%
Submarket 3-5 Star
2.5%
0.4%
Market Overall
5.2%
0.4%

NNN Asking Rents Per SF

Submarket 3-5 Star
$19.84
28.6%
Market Overall
$16.55
4.1%

Submarket Leasing Activity

12 Mo. Leased SF
125,344
29.5%
Months on Market
9.2
3.3 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$2.9
$0
12 Mo. Price Per SF
$110

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