828 Lathrop StHouston, TX 77020

Property Details for 828 Lathrop St

Year built

1973

Construction

CONCRETE BLOCKS

Lot size

0.43 AC

Property size (Sq ft)

9,940 SF

Property type

Retail space

APN

120500000013

APU

120500000013

Description

This exceptional freestanding retail building, located at 828 Lathrop St in Houston, Texas, presents a unique investment opportunity. Boasting a generous 8,400 square feet of space, the entire building is currently vacant, offering immediate occupancy for a discerning tenant. Constructed in 1973, the property sits on a sizable 27,812 square foot lot, providing ample room for expansion, outdoor seating, or additional parking. The building's single-tenant configuration ensures ease of management and control. Its prime location in Harris County, with a Houston, TX 77020 zip code, offers excellent visibility and accessibility. This property is ideal for a variety of retail uses, providing a blank canvas for a business to establish a strong presence in a thriving community. The substantial square footage and ample lot size offer significant potential for growth and customization. This is a rare opportunity to acquire a well-located, sizable retail building in a desirable Houston market. The property is ready for immediate lease and presents a compelling investment prospect for those seeking a high-impact retail space. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,992,521

  6.5%

  $2,762,327

  7%

  $2,565,018

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,702,445

  Geo Method

  $7,499,360

• Alternative Use

  Use

  Valuation

  Residential

  $2,330,126

  Hospitality

  $2,134,383

  Educational

  $1,775,782

  Medical

  $1,836,854

  Retail

  $2,762,327

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7737

Longitude

-95.3019

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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