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5601 E Parkway St 8,575 SF 35% Leased Retail Building Groves, TX 77619 $1,200,500 ($140/SF)
INVESTMENT HIGHLIGHTS
- Italian Restaurant currently on a MTM Lease paying $2,500/Month in Gross Rent. Tenant willing to vacate or renew.
- Frontage on Hwy 73 Access Road
- Multiple points of ingress/egress
- Located at the Hard Corner and signalized intersection of E Parkway St & 39th St
- High Visibility
- Owner-User opportunity
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
8,575 SF
Building Class
C
Year Built
1967
Price
$1,200,500
Price Per SF
$140
Percent Leased
35%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.73 AC
Zoning
Unrestricted
Parking
20 Spaces (2.33 Spaces per 1,000 SF Leased)
Frontage
161’ on East Parkway Street
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Italian Food
- Accommodation and Food Services
-
99,999 SF
-
$9.99
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Italian Food | Accommodation and Food Services | 99,999 SF | $9.99 | - |
NEARBY MAJOR RETAILERS
CommunityBank of Texas
PROPERTY TAXES
| Parcel Number | 049402-000-018100-00000 | Improvements Assessment | $255,474 (2025) |
| Land Assessment | $98,010 (2025) | Total Assessment | $353,484 (2025) |
PROPERTY TAXES
Parcel Number
049402-000-018100-00000
Land Assessment
$98,010 (2025)
Improvements Assessment
$255,474 (2025)
Total Assessment
$353,484 (2025)
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5601 E Parkway St
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