415 Gordon StAlvin, TX 77511

Property Details for 415 Gordon St

Year built

1974

Lot size

0.37 AC

Property size (Sq ft)

1,701 SF

Property type

Retail properties

Property subtype

Retail space

APN

5430-0007-000

APU

54300007000

Description

This exceptional 5,466 square foot creative office space, located in downtown Alvin, Texas, presents a unique investment opportunity. Built in 1974, this single-story, Class C building sits on a 0.37-acre lot and is currently 100% occupied. The property features abundant natural light, dedicated parking, and a strong community presence, having previously operated as a successful art studio. The versatile layout is ideal for a variety of uses, including art studios, galleries, retail spaces, or offices. Its prime downtown location offers excellent visibility and accessibility, attracting foot traffic and building a loyal customer base. The asking price is $550,000, translating to $100.62 per square foot. The property is zoned for commercial use and is offered as a full ownership opportunity with a Net Net Net (NNN) lease type. This single-unit building offers a blend of historic charm and modern functionality, making it an attractive investment in a growing Texas community. The property's established presence within the community provides a significant advantage for future business ventures. This is a rare opportunity to acquire a well-positioned commercial property in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $512,100

  6.5%

  $472,708

  7%

  $438,943

• Comparable approach

  Method

  Valuation

  Relative Method

  $633,587

  Geo Method

  $1,283,341

• Alternative Use

  Use

  Valuation

  Residential

  $398,747

  Hospitality

  $365,250

  Educational

  $303,884

  Medical

  $314,335

  Retail

  $472,708

Location Insight

City

Alvin

County

Brazoria

State

Texas

Latitude

29.421

Longitude

-95.2436

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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