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2102 Southmore Ave 2,291 SF Retail Building Pasadena, TX 77502 $550,000 ($240.07/SF) 7.63% Cap Rate
Investment Highlights
- Outdoor seating
- On site parking
- Great traffic exposure
Executive Summary
Drive thru fast food restaurant for sale by owner. Restaurant has grease trap, two vent hoods, A/C was recently replaced. Owner willing to finance with 20% down.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,291 SF
Building Class
C
Year Built/Renovated
1964/2001
Price
$550,000
Price Per SF
$240.07
Cap Rate
7.63%
NOI
$41,975
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.28 AC
Zoning
None - No zoning
Parking
10 Spaces (4.36 Spaces per 1,000 SF Leased)
Amenities
- Food Court
- Signage
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0821680000021 | Improvements Assessment | $96,404 |
| Land Assessment | $127,000 | Total Assessment | $223,404 |
Property Taxes
Parcel Number
0821680000021
Land Assessment
$127,000
Improvements Assessment
$96,404
Total Assessment
$223,404
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2102 Southmore Ave
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