302 Sam Houston DrVictoria, TX 77901

Property Details for 302 Sam Houston Dr

Year built

1976

Construction

FRAME

Lot size

0.30 AC

Property size (Sq ft)

2,014 SF

Property type

Retail space

APN

01610-000-02800

APU

161000002800

Description

This exceptional investment opportunity presents a well-established liquor store in Victoria, Texas, listed at $650,000. Located at 302 Sam Houston, 77901, this storefront enjoys a high-traffic location with excellent visibility, surrounded by numerous apartment complexes within walking distance, ensuring a consistent customer base. The property boasts a long-term lease with a proven track record of success, providing reliable rental income. The well-maintained building includes updated refrigeration units, shelving, and point-of-sale systems, minimizing operational concerns. Ample customer parking further enhances accessibility and convenience. Detailed financial records are available for serious investors to review, showcasing the strong financials and consistent cash flow. This turnkey operation offers an easy-to-manage, income-producing asset with significant potential for future growth. The property's strategic location and established clientele make it an ideal investment for those seeking a stable and profitable venture in the Texas market. This is a rare opportunity to acquire a thriving business with a secure lease and strong financial performance.

• CAP approach

  CAP return

  Valuation

  6%

  $385,374

  6.5%

  $355,730

  7%

  $330,321

• Comparable approach

  Method

  Valuation

  Relative Method

  $462,897

  Geo Method

  $1,153,459

• Alternative Use

  Use

  Valuation

  Residential

  $300,072

  Hospitality

  $274,864

  Educational

  $228,684

  Medical

  $236,548

  Retail

  $355,730

Location Insight

City

Victoria

County

Victoria

State

Texas

Latitude

28.8177

Longitude

-96.9683

CBSA code

47020

CBSA name

VICTORIA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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