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302 W Defee Ave
Baytown, TX 77520
WEST DEFEE STRIP CENTER · Specialty Property For Sale
·
10,200 SF
Investment Highlights
- Stabilized, Income-Producing Retail Center – 87.5% occupied, generating a 10% CAP rate with a pro forma CAP rate of 11.67%, offering immediate cash
- Originally built in 1940, this 8-unit shopping center underwent a full restoration, blending historic charm with modern interiors.
- Offered at $116.83/SF, making it an affordable investment with potential for SBA or conventional financing options.
- Situated in the heart of Baytown’s revitalized downtown, ensuring high visibility, strong foot traffic, and easy accessibility.
- Currently leased to 7 tenants, with space suitable for a variety of businesses including retail, office, café, tax office, or even a church.
- With one remaining vacant unit, there’s immediate potential to increase NOI from $120,000 to a pro forma of $140,000
Property Facts
| Property Type | Specialty | Building Size | 10,200 SF |
| Building Class | C | No. Stories | 2 |
| Lot Size | 0.60 AC | Year Built/Renovated | 1940/2023 |
| Zoning | DTA-FLX - Downtown Arts Flex | ||
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 10,200 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2023 |
| Zoning | DTA-FLX - Downtown Arts Flex |
Property Taxes
| Parcel Number | 0500220000001 | Improvements Assessment | $877,139 |
| Land Assessment | $100,000 | Total Assessment | $977,139 |
Property Taxes
Parcel Number
0500220000001
Land Assessment
$100,000
Improvements Assessment
$877,139
Total Assessment
$977,139
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