2745 Wagon Trail RdPearland, TX 77584

For Sale
$695,000
Cashflowing Auto Shop, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 4,600 square foot Class C retail auto shop located at 2745 Wagon Trail Rd, Pearland, TX 77584. The property boasts a strong 3.88% cap rate, generating a net operating income (NOI) of $27,000 annually, with a 100% occupancy rate. Built in 1980 and renovated in 2019, this single-story building sits on a 0.21-acre lot and includes 16 parking spaces. The property features three units and is zoned for commercial use. The asking price is $695,000, translating to $151.09 per square foot. The long-term tenant is planning to renew their lease, providing consistent cash flow. Further income potential exists through the repair and update of an additional structure on the property. Conveniently located off Wagon Trail Road, with direct access to FM 518, this property offers significant upside potential in the heart of East Pearland. The Brazoria County location and the property's four buildings add to its appeal. This is a rare opportunity to acquire a well-maintained, cash-flowing commercial property with significant growth potential. The property's APN is 2340-0002-000.

Highlights

  • Long-term tenant currently occupies the property.
  • Value-add opportunity: potential for increased income after renovations.

Property Details for 2745 Wagon Trail Rd

Property type
Retail properties, Auto shops
Square Feet
4,600 SF
Class
C
Year Built/Renovated
1980/2019
Buildings
4
Stories
1
Lot Size (sq. ft)
9,148 SF
Units
3

Location Insight

City
Pearland
County
Brazoria
State
Texas
Latitude
29.5573915
Longitude
-95.3101484
2745 Wagon Trail Rd, Pearland, Texas

FAQs

What type of property is this?
Retail property - Cashflowing Auto Shop, High Occupancy
Where is the retail property located?
The property is located at 2745 Wagon Trail Rd Pearland, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Long-term tenant currently occupies the property.; Value-add opportunity: potential for increased income after renovations.;
How can I contact the broker?
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2745 Wagon Trail Rd
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