1112 Boston Ave | Nederland, TX 77627
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- LoopNet Team
1112 Boston Ave
Nederland, TX 77627
Boston Avenue Market · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Affordable Price Point
- Day One CAP Rate of 8.35 Percent
- Recently Installed New TPO Roof
- Priced Significantly Below-Replacement Cost: $87 Per Square Foot
- Realistic Pro Forma CAP Rate of 9.76 Percent by Leasing 1,560 Square Foot Vacancy
- Located at Prime Downtown Nederland Hard Corner at Signalized Intersection
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
9,743 SF
Building Class
C
Year Built
1948
Percent Leased
84%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.52
Lot Size
0.43 AC
Zoning
N/A
Parking
25 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
119’ on Boston Ave
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