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616-624 Marina Bay Dr 6,775 SF 100% Leased Retail Building Kemah, TX 77565 $1,500,000 ($221.40/SF)
INVESTMENT HIGHLIGHTS
- Canal access with water views and outdoor seating area in all units.
- 100% leased with a low property tax rate
- In the heart of the Clear Lake Shores/Kemah entertainment area.
EXECUTIVE SUMMARY
Multi-Tenant/Building, high visibility waterfront center located in the entertainment area of Clear Lake Shores/Kemah. 100% leased to 5 strong tenants. Low Property Tax Rate of 1.48% and minimal maintenance expense provides maximum cash flow. Gross leases with multi-year term lengths. Includes leased Billboard. High average household incomes with very strong population growth. Canal access with water views and outdoor seating area in all units.
FINANCIAL SUMMARY (PRO FORMA - 2026) 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
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) 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 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,775 SF
Building Class
C
Year Built
1969
Price
$1,500,000
Price Per SF
$221.40
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.59 AC
Parking
26 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
164’ on Marina Bay Drive
AMENITIES
- Pylon Sign
- Signage
- Waterfront
- Recessed Lighting
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- BILLBOARD SIGN
- Information
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- COCO'S ON THE CANAL
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- FORBES HEVER & WALLACE
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- NAUTI BUOY
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- SALON RENEW
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| BILLBOARD SIGN | Information | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| COCO'S ON THE CANAL | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| FORBES HEVER & WALLACE | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| NAUTI BUOY | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| SALON RENEW | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4595-0000-0000-003 | Total Assessment | $960,000 (2025) |
| Land Assessment | $349,250 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $610,750 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
4595-0000-0000-003
Land Assessment
$349,250 (2025)
Improvements Assessment
$610,750 (2025)
Total Assessment
$960,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
1 of 24
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
McAdams & Associates
616-624 Marina Bay Dr
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