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This exceptional mixed-use property, located at 4104/4106 Houston Highway in Victoria, Texas, presents a compelling investment opportunity. The property encompasses 31,041 square feet across two buildings on a 3-acre lot, featuring a fully leased, newly renovated (2021) 4,693 square foot office building with five suites. Its prime location on the bustling Houston Highway (US-59 Bus) ensures high visibility, with over 28,000 vehicles passing daily, complemented by the high foot traffic generated by its proximity to major retailers like Walmart and Goodwill. The property boasts ample parking with 110,000 square feet of pavement. Its strategic location near residential areas, Citizens Medical Center, Victoria College, and the University of Houston-Victoria provides unparalleled convenience and accessibility. Built in 1981, this multi-tenant property offers a strong NOI of $147,679 and a 9.26% cap rate, making it an attractive investment for owner-users. The asking price is $1,595,000, with a price per square foot of $51.38. The property's diverse uses, including executive office space, sports/entertainment venues, and storefront retail, cater to a wide range of tenants. The property's APN is 41743 and the zip code is 77901. This is a rare opportunity to acquire a high-performing, well-located mixed-use property in a thriving Texas market.
Highlights
High-traffic location on US-59 Bus (Houston Hwy) with over 20,800 vehicles daily.
Multi-tenant retail center anchored by Walmart and Goodwill, ensuring high foot traffic.
Fully leased, newly remodeled 4,693 sq ft office building with five suites.
Excellent visibility with over 28,000 vehicles passing daily.
Convenient location near residential areas, Citizens Medical Center, Victoria College, and University of Houston-Victoria.
Ample parking with 110,000 sq ft of pavement and proximity to new developments.
Property Details
for 4104 Houston Hwy
Property type
Other specialty properties, Other retail properties
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