For Sale
$3,500,000
10931 Ocean City Blvd Houston, TX 77070
High-demand location, strong income potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Prime location near Hwy 290 and Hwy 249, offering convenient access to major commercial centers, residential areas, and industrial zones.
- 10,000 SF pre-leased to Burden Auto Care at $35,000/month, commencing February 1, 2025, under a 5-year lease.
- 5,124 SF vacant unit available for lease, with estimated annual rent of $17.50 to $22.50/SF.
- High-demand location with strong market absorption projected at 95% by Fall 2025.
- Attractive financials: $357,000 projected NOI and a 7% capitalization rate.
Property Details for 10931 Ocean City Blvd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 16,483 SF
- Class
- B
- Year Renovated
- 2023
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 74,923 SF
- Units
- 2
Location Insight
- City
- Houston
- County
- Harris
- State
- Texas
- Latitude
- 29.9567004
- Longitude
- -95.5840427
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - High-demand location, strong income potential
- Where is the lifestyle center located?
- The property is located at 10931 Ocean City Blvd Houston, TX.
- What is the asking price?
- The asking price for this property is $3,500,000.
- What are key features of this property?
- This property features: Prime location near Hwy 290 and Hwy 249, offering convenient access to major commercial centers, residential areas, and industrial zones.; 10,000 SF pre-leased to Burden Auto Care at $35,000/month, commencing February 1, 2025, under a 5-year lease.; 5,124 SF vacant unit available for lease, with estimated annual rent of $17.50 to $22.50/SF.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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