1016 Alabama StHouston, TX 77002

Property Details for 1016 Alabama St

Year built

1970

Construction

CONCRETE BLOCKS

Lot size

0.29 AC

Property size (Sq ft)

3,366 SF

Property type

Gas stations

APN

220670000006

APU

220670000006

Description

This exceptional 2,542-square-foot commercial property, located at 1016 Alabama Street in Houston, Texas, presents a unique opportunity for a single-tenant retail or restaurant business. Situated in Harris County, zip code 77002, this completely vacant space offers immediate occupancy. The property's single-tenant configuration provides a streamlined and efficient layout, ideal for a variety of uses. Its generous square footage allows for flexible design and ample space to accommodate inventory, customer areas, and operational needs. The property's address is easily accessible, offering excellent visibility and convenient access for customers. This location within Houston provides a strong foundation for business growth and success, benefiting from the city's vibrant economy and diverse population. The property is currently available for lease, presenting a rare chance to establish a presence in a desirable Houston location. Interested parties are encouraged to inquire for further details and to schedule a viewing. This is a turnkey opportunity for a business seeking a well-positioned, spacious, and readily available retail or restaurant space in a thriving Texas market. The property's size and location make it an attractive option for a variety of businesses seeking to establish a strong presence in the Houston area. The vacant status allows for immediate customization and occupancy, minimizing delays in business operations.

• CAP approach

  CAP return

  Valuation

  6%

  $815,536

  6.5%

  $752,802

  7%

  $699,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $517,427

  Geo Method

  $1,048,060

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,497,800

  Mixed-Use / Specialty

  $738,091

  Hospitality / Lodging

  $525,855

  Office

  $721,179

  Institutional / Educational

  $763,019

  Residential Income

  $892,732

  Multifamily

  $1,137,370

  Automotive / Energy

  $654,016

  Parking / Income-Based Land

  $237,576

  Restaurant / Food Service

  $358,218

  Healthcare / Senior Housing

  $769,232

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7374

Longitude

-95.3795

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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