For Sale
$1,994,000

102 Sealy St Alvin, TX 77511

Downtown Alvin investment opportunity. High NOI potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
This remarkable two-story, 9,297 square foot mixed-use building, located at 102 W Sealy St in Alvin, Texas, presents a unique investment opportunity. Built in 1908 and renovated in 2019, this Class B property boasts a blend of office and retail spaces, currently housing Edward Jones, Credit Central, Parkwood Pharmacy, and Candrian Counselors. The building features five units, offering a diverse tenant base and strong rental history. With a current occupancy rate of 80% (as of July 31, 2021), the property generates a Net Operating Income (NOI) of $112,146, and a pro-forma NOI of $167,856, representing a 5.62% cap rate and a pro-forma cap rate of 8.42%, respectively. The asking price is $1,994,000, translating to $214.48 per square foot and $398,800 per unit. Situated on a 0.5-acre lot, the building includes a working elevator and benefits from recent upgrades to electrical systems and HVAC. Its prime downtown Alvin location, within an Opportunity Zone, enjoys high traffic counts (13,881) and offers significant potential for future growth. This property represents a chance to own a piece of Alvin's history while capitalizing on a strong investment opportunity with a motivated seller. The building's solid construction and recent improvements ensure a stable and potentially lucrative return on investment.

Highlights

  • Solid rental history with diverse tenant base including Edward Jones, Credit Central, Parkwood Pharmacy, and Candrian Counselors.
  • Historic, mixed-use building in prime downtown Alvin location.
  • High traffic count of 13,881 vehicles.
  • Located in an Opportunity Zone.
  • Motivated seller.

Property Details for 102 Sealy St

Property type
Retail properties, Office properties
Square Feet
9,297 SF
Class
B
Year Built/Renovated
1908/2019
Buildings
1
Stories
2
Lot Size (sq. ft)
21,780 SF
Units
5

Location Insight

City
Alvin
County
Brazoria
State
Texas
Latitude
29.4239965
Longitude
-95.2442474

FAQs

What type of property is this?
Retail property - Downtown Alvin investment opportunity. High NOI potential.
Where is the retail property located?
The property is located at 102 Sealy St Alvin, TX.
What is the asking price?
The asking price for this property is $1,994,000.
What are key features of this property?
This property features: Solid rental history with diverse tenant base including Edward Jones, Credit Central, Parkwood Pharmacy, and Candrian Counselors.; Historic, mixed-use building in prime downtown Alvin location.; High traffic count of 13,881 vehicles.
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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102 Sealy St
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