Shopping Strip
Park Place Shopping Center
519 Park St, Baytown, TX 77520
Listing Price: $518,000
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale Park Place Shopping Center, located at 519 Park Street in Baytown, Texas. This 4,300-square-foot retail center is located on the signalized, hard corner of Park Street and North Pruett Street.
The subject property is 100 percent occupied, accommodating three tenants. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. An investor could add value by raising the below market rent for Hair Salon once the lease agreement expires. Park Place Shopping Center is offered at a price of $518,000, which is $120.47 per square foot.
Exclusively Listed By
Financing By
Listing Price: $518,000
Investment Highlights
- Signalized, Hard Corner
- 100 Percent Occupied
- Triple-Net Leases: Expenses are 100 Percent Reimbursed
- $120.47 Per Square Foot
- Value-Add Potential Through Raising Below Market Rent
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale Park Place Shopping Center, located at 519 Park Street in Baytown, Texas. This 4,300-square-foot retail center is located on the signalized, hard corner of Park Street and North Pruett Street. The subject property is 100 percent occupied, accommodating three tenants. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. An investor could add value by raising the below market rent for Hair Salon once the lease agreement expires. Park Place Shopping Center is offered at a price of $518,000, which is $120.47 per square foot.
Exclusively Listed By
Financing By
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