1025 Holly StLa Marque, TX 77568

For Sale
$579,000

High-yield multi-tenant property in Texas.

Overview

Added:
Dec 11, 2024
Days on market:
93
This 7,124 square foot mixed-use property at 1025 Holly St, La Marque, TX 77568, is a compelling investment opportunity. The building sits on a 23,655 square foot lot and features one single-story building currently housing two tenants. One tenant, a daycare center, occupies 2,264 square feet under a gross lease with 1.5 years remaining on a 3-year term. Approximately 4,860 square feet of additional space is available, boasting a showroom-style setup, a roll-up door, and a fenced side yard. The property offers excellent accessibility and ample front parking. The asking price is $579,000, representing a price per square foot of $81.27 and a pro-forma cap rate of 7.65%, with a pro-forma NOI of $44,310. This property is ideal for both investors seeking a value-add opportunity and owner-users looking for a versatile space. The property is classified as industrial, mixed-use, office, and retail, with subtypes including daycare/nursery, flex space, and storefront. The property is currently partially occupied, presenting a chance to increase occupancy and rental income.

Highlights

  • Partially Leased Investment Opportunity
  • Value-Add Potential
  • Suitable for Owner-Occupancy or Investment Purchase

Property Details for 1025 Holly St

Property type
Day care centers & nurseries, Other retail properties
Square Feet
7,124 SF
Buildings
1
Stories
1

Location Insight

City
La Marque
County
Galveston
State
Texas
Latitude
29.369223
Longitude
-94.962367
1025 Holly St, La Marque, Texas

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1025 Holly St
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