Tammiey Linscomb 4098335055 x 104

6050 39th St 13,616 SF Vacant Retail Building Groves, TX 77619 $550,000 ($40.39/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!

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

Deferred Maintenance

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

13,616 SF

Year Built

1973

Price

$550,000

Price Per SF

$40.39

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

200’ on 39th Street

24 Hour Access
Corner Lot
Dedicated Turn Lane

Pylon Sign
Signalized Intersection

MAJOR TENANTS

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	-

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
39th St	Main Ave, NE	8,138	2025	0.02 mi
Main Ave	Hansen Blvd, NW	5,440	2025	0.06 mi
39th St	Groves Ave, NE	7,558	2025	0.07 mi
39th St	E PkwySt, SW	9,959	2025	0.28 mi
Main Ave	Coolidge St, NW	4,904	2025	0.31 mi
W Jefferson Blvd	Graves Ave, SW	2,095	2025	0.32 mi
W Parkway St	Charles Ave, W	9,379	2025	0.35 mi
East Parkway Street	Main Ave, W	9,652	2025	0.47 mi
W Parkway St	Main Ave, W	5,240	2024	0.48 mi
Main Ave	46th St, NW	4,755	2025	0.49 mi

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