824 Adoue StAlvin, TX 77511

Property Details for 824 Adoue St

Year built

2020

Lot size

1.96 AC

Property size (Sq ft)

5,824 SF

Property type

Retail properties

Property subtype

Strip malls

APN

6818-0001-120

APU

68180001120

Description

This exceptional mixed-use property, located at 824 E Adoue St in Alvin, Texas, presents a unique investment opportunity. The 5,824 square foot building, constructed in 2020, boasts a Class A designation and sits on a 1.96-acre lot. Currently vacant, this single-story structure offers significant potential for immediate income generation. The property is comprised of three suites: Suite A (approximately 1600 square feet) is a fully furnished, turn-key nail salon; Suite B (approximately 1500 square feet) is a shell space ready for tenant build-out; and Suite C (approximately 2654 square feet) is a fully furnished, turn-key cafe/restaurant. The property benefits from its high-traffic location and excellent walkability to nearby residential areas, ensuring strong visibility and potential for a diverse clientele. The asking price is $2,000,000. This property is situated in Brazoria County, Texas, zip code 77511. The property's prime location and versatile layout make it an ideal investment for savvy entrepreneurs seeking a high-return opportunity in a thriving Texas market. The building's modern construction and existing tenant improvements minimize upfront capital expenditures, allowing for a quicker return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,753,364

  6.5%

  $1,618,490

  7%

  $1,502,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,169,320

  Geo Method

  $4,393,992

• Alternative Use

  Use

  Valuation

  Residential

  $1,365,257

  Hospitality

  $1,250,568

  Educational

  $1,040,458

  Medical

  $1,076,241

  Retail

  $1,618,490

Location Insight

City

Alvin

County

Brazoria

State

Texas

Latitude

29.4212

Longitude

-95.2373

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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