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6050 39th St
13,616 SF Vacant Retail Building Groves, TX 77619 $550,000 ($40/SF)
Investment Highlights
- Heavy Daytime Traffic
- Value Add Property
- Signalized Corner
Executive Summary
Property Information:
Built in 1973 - 2 Structures on 0.9642 AC
3945 Main:
3,616 SF Full Service Gas Station/Convenience Store with Restaurant Tenant in place
6039 39th Street:
10,000 SF Office /Retail Building with Parking Lot
6050 39th Street:
0.28 AC lot - Ground Lease in Place - Chico's Patio
Steady traffic on Main Street and 39th Street with 7,803 Cars per day
Zoned: General Light Commercial *should be verified with the City of Groves
Income Producing Property/Value Add - Ready For Renovations!
Built in 1973 - 2 Structures on 0.9642 AC
3945 Main:
3,616 SF Full Service Gas Station/Convenience Store with Restaurant Tenant in place
6039 39th Street:
10,000 SF Office /Retail Building with Parking Lot
6050 39th Street:
0.28 AC lot - Ground Lease in Place - Chico's Patio
Steady traffic on Main Street and 39th Street with 7,803 Cars per day
Zoned: General Light Commercial *should be verified with the City of Groves
Income Producing Property/Value Add - Ready For Renovations!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$20,400
|
$1.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$20,400
|
$1.50
|
| Taxes |
$11,619
|
$0.85
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$11,619
|
$0.85
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $20,400 |
| Annual Per SF | $1.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $20,400 |
| Annual Per SF | $1.50 |
| Taxes | |
|---|---|
| Annual | $11,619 |
| Annual Per SF | $0.85 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $11,619 |
| Annual Per SF | $0.85 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
13,616 SF
Year Built
1973
Price
$550,000
Price Per SF
$40
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.33
Lot Size
0.96 AC
Zoning
C2 - General Light Commercial
Parking
12 Spaces
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Chico's Patio
- Accommodation and Food Services
- 12,196 SF
- $0.04
- Modified Gross
- -
- Monceaux's
- Accommodation and Food Services
- 1,000 SF
- $1.20
- Modified Gross
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Chico's Patio | Accommodation and Food Services | 12,196 SF | $0.04 | Modified Gross | - | |
| Monceaux's | Accommodation and Food Services | 1,000 SF | $1.20 | Modified Gross | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 066050-000-000100-00000 | Total Assessment | $460,817 |
| Land Assessment | $73,200 | Annual Taxes | $11,619 ($0.85/SF) |
| Improvements Assessment | $387,617 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
066050-000-000100-00000
Land Assessment
$73,200
Improvements Assessment
$387,617
Total Assessment
$460,817
Annual Taxes
$11,619 ($0.85/SF)
Tax Year
2023
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6050 39th St
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