Elite Square | 1520 College Ave
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Elite Square 1520 College Ave
40,248 SF 71% Leased Retail Building South Houston, TX 77587 For Sale 9.03% Cap Rate
Investment Highlights
- High traffic area located conveniently at the intersection of the six lane College Ave and Highway I-45.
- Nearby businesses and neighborhoods amount to a daytime population of 14,600 with a median household income of $51,700 to $82,900.
- 150 parking spaces
- New renovations from 2022 allow for spaces to be further enhanced and accommodate a variety of businesses.
- ESFR sprinkler system can be found in all spaces.
- Bitcoin ATM
Executive Summary
Elite Square is a shopping center strategically located at the intersection of the six lane College Ave and Highway I-45. Tenants include Chevron Gas Station with 12 pumps, SOHO Express, Western Outfitters and Nails Of USA, Cafe 88, Furniture Center Outlet and Taquitos Don Agave. The property was originally a bingo hall that was fully renovated converted into a retail center in 2022 and offers new construction opportunities to further enhance and expand the spaces, accommodating a variety of businesses. The property is located in South Houston, which is the home of over 600 independent business owners, comprised primarily light manufacturing and fabricating related to the petroleum and chemical industries, service and retail-oriented businesses. It is adjacent to the Houston Ship Channel and Refinery Complex, Pasadena, Deer Park, and eleven miles from downtown Houston, a short distance to Clear Lake area, Galveston and the NASA Johnson Space Center.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
40,248 SF
Building Class
B
Year Built/Renovated
1959/2022
Cap Rate
9.03%
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.23
Land Acres
4.04 AC
Zoning
N/A - N/A
Parking
150 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
313 FT on COLLEGE
Amenities
- 24 Hour Access
- Freeway Visibility
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- On-Site Security Staff
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Fully ESFR Sprinkler System.
Fully ESFR Sprinkler System.
Fully ESFR Sprinkler System.
| Space | Size | Space Use | Position | Available |
| D | 8,247 SF | Retail | - | Now |
| F | 2,062 SF | Retail | - | Now |
| G | 1,363 SF | Retail | - | Now |
D
| Size |
| 8,247 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
F
| Size |
| 2,062 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
G
| Size |
| 1,363 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
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D
| Size | 8,247 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Fully ESFR Sprinkler System.
F
| Size | 2,062 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Fully ESFR Sprinkler System.
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
G
| Size | 1,363 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Fully ESFR Sprinkler System.
PROPERTY TAXES
| Parcel Number | 0430520000074 | Improvements Assessment | $2,875,980 |
| Land Assessment | $1,268,136 | Total Assessment | $4,144,116 |
PROPERTY TAXES
Parcel Number
0430520000074
Land Assessment
$1,268,136
Improvements Assessment
$2,875,980
Total Assessment
$4,144,116
-
Grecia Smith -
NextGen Real Estate
1 of 19
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Elite Square | 1520 College Ave
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