2000 Cedar DrLa Marque, TX 77568

This exceptional investment opportunity presents a multi-tenant office property in La Marque, Texas, at 2000 Cedar Dr, 77568. The property, built in 1967 and renovated in 2020, comprises two single-story buildings totaling 4,000 square feet on a 16,588 square foot lot. Currently featuring three units, it boasts a stable, long-term daycare tenant and two vacant suites ready for immediate occupancy. The asking price is $385,000, representing a price per square foot of $96.25. The current Net Operating Income (NOI) is $30,720, yielding a 7.98% cap rate. However, a pro-forma NOI of $42,450 projects an 11.03% cap rate upon full occupancy of the vacant suites. This prime location on a high-traffic corridor offers excellent visibility and accessibility, making it ideal for attracting tenants. Ample parking is available. The property's strong potential for increased NOI and long-term value appreciation makes it an attractive investment for both investors and owner-operators seeking a versatile, income-generating asset in a growing community. Financial details are available upon request.