301 State StSouth Houston, TX 77587

Property Details for 301 State St

Year built

1984

Construction

METAL FRAME

Lot size

0.16 AC

Property size (Sq ft)

2,625 SF

Property type

Auto shops

APN

340570110001

APU

340570110001

Description

This exceptional business opportunity presents a well-established auto repair shop located at 301 State Street in South Houston, Texas, 77587. The property boasts a prime corner lot, offering excellent visibility and accessibility. The single-story building, constructed in 1984, encompasses 2,625 square feet and sits on a 7,100 square foot lot. The asking price for this owner-user investment is $700,000, translating to a price per square foot of $266.67. The auto repair shop features four bays, providing ample space for servicing vehicles. This long-time operating business is a turnkey operation, ready for a new owner to continue its success. The property's location in Harris County, Texas, offers a strong customer base and significant growth potential. This is a rare opportunity to acquire a profitable, established business with its accompanying real estate. The property is classified as a retail business for sale, specifically an auto shop. The building's single-story design and convenient layout contribute to its operational efficiency. This is an ideal investment for an experienced auto repair professional or an investor seeking a stable, income-generating asset in a thriving Texas market. The property's size and location make it an attractive proposition for continued growth and expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $790,278

  6.5%

  $729,488

  7%

  $677,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $977,758

  Geo Method

  $1,980,465

• Alternative Use

  Use

  Valuation

  Residential

  $615,350

  Hospitality

  $563,658

  Educational

  $468,956

  Medical

  $485,085

  Retail

  $729,488

Location Insight

City

South Houston

County

Harris

State

Texas

Latitude

29.6696

Longitude

-95.2458

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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