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1017 Bayou Rd
La Marque, TX 77568
Cedar Bayou Shopping Center · Retail Property For Sale
Investment Highlights
- Large Shopping Center 100% occupied with stable long terms tenants
- Highly visibility Center with Plenty of Parking spaces
- 1 of 3 line up shopping center with government offices
Executive Summary
Located in the heart of La Marque, this center is a popular destination situated next to the city offices. The center benefits from limited competition. This center enjoys loyal consumers in this solid community, locate in popular Gulf Coast, expansion 45 Freeway
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,900 SF
Building Class
C
Year Built/Renovated
1965/2020
Price
$1,154,300 CAD
Price Per SF
$77.47 CAD
Cap Rate
5.86%
NOI
$67,628 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.16 AC
Opportunity Zone
Yes
Parking
64 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 2775-0004-0900-002 | Improvements Assessment | $1,246,549 CAD |
| Land Assessment | $43,551 CAD | Total Assessment | $1,290,100 CAD |
Property Taxes
Parcel Number
2775-0004-0900-002
Land Assessment
$43,551 CAD
Improvements Assessment
$1,246,549 CAD
Total Assessment
$1,290,100 CAD
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