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7645-7661 Park Place Blvd
Houston, TX 77087
PRICE REDUCED! Retail Under $700k - 8% CAP · Retail Property For Sale
Investment Highlights
- Less than 1/2 Mile from Hobby Airport and Blocks from I-45N
- Value Add Opportunity to increase rents
- High Traffic Count
PROPERTY FACTS
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Signage
- Tenant Controlled HVAC
About 7645-7661 Park Place Blvd , Houston, TX 77087
Kevin Riles Commercial is pleased to present this Awesome Opportunity to Own a C-Class Retail Center near Hobby Airport. This Great Location is nestled between I-45 and Hobby Airport on Park Place Blvd. This investment would be great for those looking to move into retail NNN investments. Rents are below market so there is definitely an opportunity for growth. In addition, the current owner has the leases set up as Gross Leases instead of NNN which allows for yet another opportunity to drive better profitability. It is currently 75% Occupied with only one vacancy. The Vacant unit is built out for a restaurant but could be converted to other uses. The owner has a long term lease on the lot next door for additional parking. There are so many opportunities to drive additional profitability to this investment.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,066,764 | |
| Land Assessment | $251,012 | Total Assessment | $1,317,776 |
PROPERTY TAXES
