This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Mixed Use: Restaurant + Multifamily 412 S 8th St

3,123 SF 100% Leased Flex Building South Houston, TX 77587 $550,000 ($176/SF) 8.96% Cap Rate

Investment Highlights

  • ADD VALUE
  • Mix Use

Executive Summary

Investors, seize this opportunity (9% CAP) to acquire a mixed-use property on a spacious 7,190 square foot lot. This versatile property features a total of 3,123 square feet, including a restaurant space, two smaller commercial units, and two rental units. Monthly rent income is $5,070.00 ($3100 + $975 + $995).The restaurant lease brings in $3,100 and is secured for next 3 years presenting a unique opportunity for a business venture combined with residential space. Savvy investors will appreciate the potential for increased cash flow by leasing the two smaller commercial/storage units, thereby enhancing the property's value. Located in a non-flooding zone, this property promises both security and growth. Further details are available to facilitate your acquisition process, with a loan estimate attached showing cash flow aligned with payments. See attached.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $550,000
Price Per SF $176
Sale Type Investment
Cap Rate 8.96%
Property Type
Flex
  • General Retail Restaurant
  • General Retail Storefront Retail/Residential
Rentable Building Area 3,123 SF
No. Stories 1
Year Built/Renovated 1945/2023
  • Listing ID: 31284667

  • Date on Market: 3/20/2024

  • Last Updated:

  • Address: 412 S 8th St, South Houston, TX 77587

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}