7975 Bellfort AveHouston, TX 77061

For Sale
$2,650,000

Houston, TX: Prime Commercial Property

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 31,997 square foot retail property, situated on a 1.57-acre lot in Houston, Texas, presents a compelling investment opportunity. Built in 1982, the property is ideally located at a major intersection with a traffic signal, offering high visibility and accessibility. Its diverse zoning allows for a variety of uses, including auto shops, convenience stores, and shopping centers, making it suitable for a wide range of businesses. The property boasts a strong current rental income of $16,150 per year. Furthermore, its strategic location within a rapidly growing neighborhood, surrounded by over 66,000 homes within a 5-mile radius, ensures a substantial customer base. The property's financial performance is further highlighted by its annual property tax of $45,228.65, property insurance of $31,626, and a maintenance expense of $6,500 for the previous year. The asking price is $2,650,000, representing a price per square foot of $82.82. The seller is motivated and open to negotiations with serious buyers. This property offers significant potential for growth and return on investment. The absence of an onsite detention requirement adds to its appeal. All financial information should be independently verified by the buyer.

Highlights

  • 31,997 SF retail property on a 1.57-acre lot in Houston, TX.
  • High-visibility location at a signalized major intersection.
  • Diverse zoning allows for various uses, including auto shops, convenience stores, and shopping centers.
  • Annual net operating income of $16,150.
  • Located within a rapidly growing area with over 66,000 homes within a 5-mile radius.
  • Annual property taxes of $45,228.65, insurance of $31,626, and maintenance of $6,500.

Property Details for 7975 Bellfort Ave

Property type
Lifestyle centers, Power centers
Square Feet
31,997 SF
Year Built
1982
Lot Size (sq. ft)
68,389 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.6745405
Longitude
-95.2703211
7975 Bellfort Ave, Houston, Texas

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7975 Bellfort Ave
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