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1702 1st St E
Humble, TX 77338
One Humble Place · Retail Property For Sale
Investment Highlights
- Located on the signalized hard corner of FM 1960 Business (First Street East) and Wilson Road, just east of Eastex Freeway (Interstate 69)
- Population within a 5-mile radius totals 193,580
- 14,100 Square Feet of Retail Space Comprised of Two Buildings on 1.21 Acres of Land
- Located on FM 1960 Bus, surrounded by tremendous retail trade areas to the east and west, including Deerbrook Mall and Atascocita only minutes away
- Daytime population within a 1-mile radius averages over 11,000, providing a strong customer base
- Priced Well Below Replacement Cost
Executive Summary
Marcus & Millichap is pleased to exclusively offer for sale One Humble Place, located at 1702 First Street East in Humble, Texas.
One Humble Place is an excellent opportunity for an investor wanting to own a retail center with a price point under $2,000,000 without sacrificing location. The immediate and surrounding area is a proven retail market. Nearly all major retailers, both national and regional, have locations either on Interstate 69 or both FM 1960 and FM 1960 Business.
Another asset nearby is the Bush International Airport, which is a major employment center for the greater Houston MSA.
Population growth to the north and east of One Humble Place is growing. The Humble and Atascocita markets have added 2,500 households and are forecasted to continue growing at the rate of 11.1 percent.
Irreplaceable Location: Located on the signalized hard corner of FM 1960 Business (First Street East) and Wilson Road, just east of Eastex Freeway (Interstate 69).
Major Retail Corridor: The property is located on FM 1960 Business, surrounded by tremendous retail trade areas to the east and west, including Deerbrook Mall and Atascocita only minutes away.
Demographics: The population within a 5-mile radius totals 193,580, and the daytime population within a 1-mile radius averages over 11,000, providing a strong customer base.
14,100 Square Feet of Retail Space Comprised of Two Buildings on 1.21 Acres of Land
Priced Well Below Replacement Cost
One Humble Place is an excellent opportunity for an investor wanting to own a retail center with a price point under $2,000,000 without sacrificing location. The immediate and surrounding area is a proven retail market. Nearly all major retailers, both national and regional, have locations either on Interstate 69 or both FM 1960 and FM 1960 Business.
Another asset nearby is the Bush International Airport, which is a major employment center for the greater Houston MSA.
Population growth to the north and east of One Humble Place is growing. The Humble and Atascocita markets have added 2,500 households and are forecasted to continue growing at the rate of 11.1 percent.
Irreplaceable Location: Located on the signalized hard corner of FM 1960 Business (First Street East) and Wilson Road, just east of Eastex Freeway (Interstate 69).
Major Retail Corridor: The property is located on FM 1960 Business, surrounded by tremendous retail trade areas to the east and west, including Deerbrook Mall and Atascocita only minutes away.
Demographics: The population within a 5-mile radius totals 193,580, and the daytime population within a 1-mile radius averages over 11,000, providing a strong customer base.
14,100 Square Feet of Retail Space Comprised of Two Buildings on 1.21 Acres of Land
Priced Well Below Replacement Cost
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,100 SF
Building Class
C
Year Built
1981
Price
$1,876,000
Price Per SF
$133.05
Cap Rate
8%
NOI
$150,111
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
1.21 AC
Zoning
NA - Unrestricted Commercial
Parking
39 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
202’ on Wilson Road
Amenities
- Signage
Property Taxes
| Parcel Number | 0431500140026 | Improvements Assessment | $480,053 |
| Land Assessment | $529,250 | Total Assessment | $1,009,303 |
Property Taxes
Parcel Number
0431500140026
Land Assessment
$529,250
Improvements Assessment
$480,053
Total Assessment
$1,009,303
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