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1591 E Highway 6 - Alvin Marketplace 2.25 Acres of Commercial Land Offered at $8,795,434 CAD in Alvin, TX 77511
Investment Highlights
- Prime Location in Alvin's Main Retail Node.
- National/ Regional Co-tenancy
- Excellent Demographics
- Surrounded by the Highest Concentration of Popular Retailers and Restaurants
Executive Summary
Alvin Marketplace's strong real estate ensures it’s long-term viability, relevance, and
tenant retention, while also making it easy to replace tenants when necessary. The center’s “below market” rental rates and short lease terms (less than five (5) years)present tremendous upside for the purchaser of the Property and an opportunity to dramatically increase the Property’s NOI. The center’s solid construction, concrete parking, and triple net tenant leases ensure very low “out-of-pocket” costs for the purchaser to maintain the Property.
tenant retention, while also making it easy to replace tenants when necessary. The center’s “below market” rental rates and short lease terms (less than five (5) years)present tremendous upside for the purchaser of the Property and an opportunity to dramatically increase the Property’s NOI. The center’s solid construction, concrete parking, and triple net tenant leases ensure very low “out-of-pocket” costs for the purchaser to maintain the Property.
Property Facts
| Price | $8,795,434 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 2.25 AC |
| Price | $8,795,434 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.25 AC |
1 Lot Available
Lot
| Price | $8,795,434 CAD | Lot Size | 2.25 AC |
| Price Per AC | $3,909,081.86 CAD |
| Price | $8,795,434 CAD |
| Price Per AC | $3,909,081.86 CAD |
| Lot Size | 2.25 AC |
Description
Alvin Marketplace is a 22,405 square foot community shopping center featuring a lineup of ten national/regional retailers, service-oriented businesses, and restaurants. The Property is located at Alvin’s main retail node, making it one of the most visible and well-positioned retail centers in the city. The Property was built in 2001 and has retained almost half of its original tenants over its 25-year lifespan.
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Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0227-0051-000 | Improvements Assessment | $5,533,966 CAD |
| Land Assessment | $1,762,507 CAD | Total Assessment | $7,296,473 CAD |
Property Taxes
Parcel Number
0227-0051-000
Land Assessment
$1,762,507 CAD
Improvements Assessment
$5,533,966 CAD
Total Assessment
$7,296,473 CAD
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Photos
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Presented by
Frankel Development Group Inc
1591 E Highway 6 - Alvin Marketplace
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