Log In/Sign Up
Your email has been sent.
2312-2314 Palmer Hwy
Texas City, TX 77590
Retail Property For Sale
Investment Highlights
- • Fully leased retail center
- • Three suites / two tenants
- • High traffic commercial corridor
- • 12,155 SF total building area
- • Strong frontage and visibility on Palmer Hwy
- • Close proximity to major Texas City retail and residential areas
Executive Summary
Excellent opportunity to acquire a fully leased retail strip center located along Palmer Highway (TX-1765), one of Texas City’s primary commercial corridors with strong daily traffic and excellent visibility.
The Palmer Retail Center consists of approximately 12,155 square feet of retail space currently occupied by two established tenants across three suites, providing immediate and stable cash flow.
The property is currently generating $8,250 per month ($99,000 annually) in rental income.
The Palmer Retail Center consists of approximately 12,155 square feet of retail space currently occupied by two established tenants across three suites, providing immediate and stable cash flow.
The property is currently generating $8,250 per month ($99,000 annually) in rental income.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,540 SF
Building Class
C
Year Built
1975
Price
$1,095,000
Price Per SF
$87.32
Cap Rate
6.42%
NOI
$70,264
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.49 AC
Zoning
commercial - Commercial
Frontage
25’ on Palmer Hwy
Amenities
- Freeway Visibility
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 5565-0000-0006-001 | Improvements Assessment | $598,660 |
| Land Assessment | $38,340 | Total Assessment | $637,000 |
Property Taxes
Parcel Number
5565-0000-0006-001
Land Assessment
$38,340
Improvements Assessment
$598,660
Total Assessment
$637,000
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
