708 College Ave | South Houston, TX 77587
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- LoopNet Team
708 College Ave
South Houston, TX 77587
Leal Funeral Home · Specialty Property For Sale
·
7,200 SF
INVESTMENT HIGHLIGHTS
- Heavy traffic counts of over 25,000 cars per day
- NNN Lease in place
- Over 300' of frontage on busy College Ave.
- Newly executed 10 year lease.
- Tenant has many years of experience in the business.
- 42,600 Sf of total property for future development
PROPERTY FACTS
| Property Type | Specialty | Building Size | 7,200 SF |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built/Renovated | 1985/2018 |
| Lot Size | 0.98 AC | Parking Ratio | 6.39/1,000 SF |
| Zoning | None | ||
| Property Type | Specialty |
| Property Subtype | |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 7,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1985/2018 |
| Parking Ratio | 6.39/1,000 SF |
| Zoning | None |
AMENITIES
- Signage
- Air Conditioning
ABOUT 708 COLLEGE AVE , SOUTH HOUSTON, TX 77587
Current tenant's new lease was effective March 1, 2019 with 10 years term. Tenant pays all maintenance, taxes and insurance. Strong, experienced tenant with other locations in Houston. Over 9% cap rate on full price. Lots of potential for the property in the future with a large 42,600 SF lot. Over 300' of frontage on College Ave. with over 25,000 cars per day. Very highly visible property.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $452,229 | |
| Land Assessment | $639,000 | Total Assessment | $1,091,229 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$639,000
Improvements Assessment
$452,229
Total Assessment
$1,091,229
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