1402 Sam Houston AveHuntsville, TX 77340

Property Details for 1402 Sam Houston Ave

Year built

2009

Construction

STONE

Lot size

0.32 AC

Property size (Sq ft)

3,200 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

29987

APU

29987

Description

This exceptional investment opportunity presents a fully occupied, four-unit retail strip center located at 1402 Sam Houston Ave, Huntsville, Texas, 77340. The property, known as AshLan Center, boasts a total of 3,200 square feet, currently leased at 100% occupancy under a triple net (NNN) lease structure. Each unit is individually leased to established businesses including Flow Style Ink, World Peace Smoke Shop, TECH-ER, and Freeway Insurance, providing a diverse and stable tenant mix. The asking price is $928,530, translating to a price per square foot of $290.17. Strategically positioned just blocks from the Sam Houston State University campus, this property benefits from high visibility and significant foot traffic on a busy thoroughfare. Ample parking is available for tenants and customers. The building is in turnkey condition, requiring minimal capital expenditure upon acquisition. This is an ideal investment for those seeking a stable, income-producing asset in a growing Texas market. The property's location near Sam Houston State University ensures a consistent customer base and strong rental potential. The multi-tenant structure mitigates risk and provides diversification of income streams. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,024,270

  6.5%

  $945,476

  7%

  $877,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $628,592

  Geo Method

  $996,370

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,863,510

  Mixed-Use / Specialty

  $934,130

  Hospitality / Lodging

  $674,957

  Office

  $920,273

  Institutional / Educational

  $968,268

  Residential Income

  $1,132,870

  Multifamily

  $1,402,920

  Automotive / Energy

  $829,944

  Parking / Income-Based Land

  $294,284

  Restaurant / Food Service

  $468,826

  Healthcare / Senior Housing

  $966,112

Location Insight

City

Huntsville

County

Walker

State

Texas

Latitude

30.7201

Longitude

-95.5517

CBSA code

26660

CBSA name

HUNTSVILLE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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