2808 Highway 6Houston, TX 77082

Property Details for 2808 Highway 6

Year built

1997

Construction

CONCRETE BLOCKS

Lot size

0.86 AC

Property size (Sq ft)

10,560 SF

Property type

Retail space

APN

1180600010023

APU

1180600010023

Description

This exceptional 9,600 square foot single-story retail center is situated on a 0.86-acre lot at the southwest corner of Highway 6 and Richmond Avenue in Houston, Texas, zip code 77082. The property enjoys a prime intersection location on a major thoroughfare, offering unparalleled visibility and accessibility. Its strategic placement provides significant advantages for businesses seeking high foot traffic. A key benefit is its shadow-anchoring by the area's only Home Depot, ensuring a consistent flow of customers. Furthermore, the center benefits from its close proximity to the Edwards Multiplex redevelopment project at West Oaks, promising future growth and increased consumer traffic. This multi-tenant retail shopping center presents a compelling investment opportunity for discerning buyers seeking a high-return property in a thriving Houston market. The property's location in Harris County, Texas, offers easy access to major transportation routes and a dense residential population. This makes it an ideal location for a variety of retail businesses. The property's size and location make it a highly desirable investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,179,177

  6.5%

  $2,934,625

  7%

  $2,725,009

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,933,382

  Geo Method

  $7,967,127

• Alternative Use

  Use

  Valuation

  Residential

  $2,475,466

  Hospitality

  $2,267,514

  Educational

  $1,886,545

  Medical

  $1,951,426

  Retail

  $2,934,625

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7287

Longitude

-95.6446

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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