5710 Wayside DrHouston, TX 77028

For Sale
Call for price

Houston multi-tenant retail investment

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Houston, Texas retail property, located at 5710 N Wayside Dr, 77028, presents a compelling value-add investment opportunity. The 3,820 square foot building sits on an 11,666 square foot lot and is comprised of four tenants across a single story structure, currently boasting 83% occupancy. Built in 1960 and renovated in 2006, the property generates a net operating income (NOI) of $25,455. The lease structure includes a gross lease for one tenant and month-to-month leases for the remaining tenants. This multi-tenant retail center offers significant potential for increased revenue through lease adjustments and property improvements. The property's location in Harris County provides convenient access to major thoroughfares and a diverse customer base. Owner financing is available, making this an attractive proposition for investors seeking a strong return on investment in a thriving market. The property's APN is 0300170210002. This is a rare opportunity to acquire a well-located, income-producing retail property with significant upside potential.

Highlights

  • 3,820 SF Multi-Tenant Retail Building Available for Purchase. Owner Financing Offered.
  • 83% Occupancy Rate.
  • One tenant under a gross lease, one tenant month-to-month.
  • Net Operating Income (NOI): $25,455.42

Property Details for 5710 Wayside Dr

Property type
Other retail properties, Individual retail properties
Square Feet
3,820 SF
Year Built/Renovated
1960/2006
Buildings
1
Stories
1

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.813582288412
Longitude
-95.284455481173
5710 Wayside Dr, Houston, Texas
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5710 Wayside Dr
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