304 S Lockwood Dr
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304 S Lockwood Dr
1,900 SF 100% Leased Retail Building Houston, TX 77011 $425,000 ($224/SF) 6.50% Cap Rate
Investment Highlights
- High traffic count and near a Metro Light Rail stop.
- Updated/ Renovated 2021
- Priced Below Tax Value (appraisal district value $430,748)
- Perfect Retail/ Office for attorney, doctor or dentist.
- Value Add Opportunity
Executive Summary
DO NOT DISTURB TENANTS. Retail/ Office - Currently occupied in SUITE A (+/-900SF) CBD Store, and SUITE B (+/-1,100sf) Barbershop. Cash-Flowing Commercial Investment Opportunity in rapidly developing East End for sale below Tax Appraisal Value. Office/ Retail/ Art Studio Duplex. +/- 2,000sf building with Suite A is CBD Store and Suite B is Barbershop.
Open your Business here as Owner/ Occupant. Perfect for Law Office, Optometry , Chiropractor Clinic, Physical Therapy Clinic, Art Studio/ Gallery, Therapy, Counseling, Dry Cleaner, Laundromat, To Go Deli, light retail, small cafe / bakery / sandwich shop, Store front. Value Add opportunity with improvements. Buyer to verify all dimensions. DO NOT DISTURB TENANTS.
Open your Business here as Owner/ Occupant. Perfect for Law Office, Optometry , Chiropractor Clinic, Physical Therapy Clinic, Art Studio/ Gallery, Therapy, Counseling, Dry Cleaner, Laundromat, To Go Deli, light retail, small cafe / bakery / sandwich shop, Store front. Value Add opportunity with improvements. Buyer to verify all dimensions. DO NOT DISTURB TENANTS.
Financial Summary (Actual - 2023) 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 |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) 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 | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,900 SF
Building Class
C
Year Built/Renovated
1935/2021
Price
$425,000
Price Per SF
$224
Cap Rate
6.50%
NOI
$27,625
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
None
Parking
5 Spaces (2.63 Spaces per 1,000 SF Leased)
Frontage
40 FT on Lockwood
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Courtyard
- Fenced Lot
- Metro/Subway
- Raised Floor
- Signage
- Tenant Controlled HVAC
- Kiosk/Cart Space
- Air Conditioning
Bike Score ®
Very Bikeable (76)
Nearby Major Retailers
1 of 23
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304 S Lockwood Dr
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