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Income-Generating Multi-Tenant Retail Building With Significant Upside Minutes From Houston
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Auction #
500-1 -
Interior Space:
± 14,340 SF -
Lot Size:
±0.46 acres -
Transaction Fee:
5% -
Broker1%
Co-op:
Income-Generating Multi-Tenant Retail Building With Significant Upside Minutes From Houston
Retail Property For Sale in Galena Park, TX
100 N Main Street, Galena Park, TX 77547FRE Auctions and Bracket Real Estate, Inc. are pleased to present the Online Auction Plus® Event (allows for contingencies) for the Retail Building with Established Income and Significant Value-add Potential in Galena Park, Texas.
Strategic acquisition for investors seeking performing assets positioned to draw consistent traffic due to its downtown vicinity and neighboring businesses. This ±15,000 retail complex benefits from immediate revenue with an established rent-roll & Up-side potential, providing a solid foundation for a new owner to instantly leverage Galena Park's growth.
Property Highlights:
- Established Revenue: 1st floor ±7,600 SF multi-tenant retail units offering immediate cash flow from leased units.
- Value-Add Capacity: 2nd floor ±7,250 SF offering cash flow from established Event Venue operations, optimizing the existing space for owner user or diverse retail tenants.
- Fully Subdivided: Each unit is fully subdivided with its own address, electricity, and water meters, providing seamless operation and management.
- Recent Improvements: Modern finishes, updated HVAC, and a 2022 roof, minimizes immediate CapEx and offers a turn-key condition
- Location Advantage:12 minutes to Downtown Houston, direct synergy from Galena Park Downtown's valuable tenants that generate consistent traffic, such as McDonald's, T-Mobile, Family Dollar, steps from City Hall, USPS, and Galena Park Elementary School.
Location Information:
Galena Park, TX, is a growing market within the larger Houston metro area. This region continues to experience strong economic growth and population expansion, leading to increased demand for commercial properties and potential for asset appreciation. Galena Park boasts a strong local demographic with a growing population and a diverse workforce, providing a steady customer base for retail businesses. Proximity to Houston, a major economic hub, offers access to a vast consumer market, a skilled labor force, and robust infrastructure. Houston's diverse economy, including energy, aeronautics, and healthcare, fuels consistent demand for commercial real estate.
Population ~10,500 with a median household income growth of 18.8% to $54,167 (2023), indicating an improving local customer base.
The Houston metro area continues strong population and job growth, fueling consistent retail demand.
Downloadable Documents Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: Bracket Real Estate, Inc., TX
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
Conditions may be included with your offer
How to Bid
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1Set up a free user accountFree registration with no obligation. Your account provides access to additional information and documents, as well as email updates.
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2Search & SelectThe Future of Real Estate features real estate from the USA and international. Utilize our advanced search criteria to narrow down your selection.
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3Review InformationAccess property information to make better-informed decisions. Available information varies depending on each real estate asset type.
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4Submit Deposit (if required)Prior to placing a bid, you may need to submit a deposit. Deposits can be submitted using credit card, wire transfer or check.
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5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
Conditions may be included with your offer
Galena Park, TX 77547
Conditions may be included with your offer
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Harris County
Galena Park, TX -
Property Type: Commercial Property
-
Interior Space: ± 14,340 SF
-
Lot Size: ±0.46 acres
-
Transaction Fee: 5%
-
Broker Co-op: 1.00%
FRE Auctions and Bracket Real Estate, Inc. are pleased to present the Online Auction Plus® Event (allows for contingencies) for the Retail Building with Established Income and Significant Value-add Potential in Galena Park, Texas.
Strategic acquisition for investors seeking performing assets positioned to draw consistent traffic due to its downtown vicinity and neighboring businesses. This ±15,000 retail complex benefits from immediate revenue with an established rent-roll & Up-side potential, providing a solid foundation for a new owner to instantly leverage Galena Park's growth.
Property Highlights:
- Established Revenue: 1st floor ±7,600 SF multi-tenant retail units offering immediate cash flow from leased units.
- Value-Add Capacity: 2nd floor ±7,250 SF offering cash flow from established Event Venue operations, optimizing the existing space for owner user or diverse retail tenants.
- Fully Subdivided: Each unit is fully subdivided with its own address, electricity, and water meters, providing seamless operation and management.
- Recent Improvements: Modern finishes, updated HVAC, and a 2022 roof, minimizes immediate CapEx and offers a turn-key condition
- Location Advantage:12 minutes to Downtown Houston, direct synergy from Galena Park Downtown's valuable tenants that generate consistent traffic, such as McDonald's, T-Mobile, Family Dollar, steps from City Hall, USPS, and Galena Park Elementary School.
Location Information:
Galena Park, TX, is a growing market within the larger Houston metro area. This region continues to experience strong economic growth and population expansion, leading to increased demand for commercial properties and potential for asset appreciation. Galena Park boasts a strong local demographic with a growing population and a diverse workforce, providing a steady customer base for retail businesses. Proximity to Houston, a major economic hub, offers access to a vast consumer market, a skilled labor force, and robust infrastructure. Houston's diverse economy, including energy, aeronautics, and healthcare, fuels consistent demand for commercial real estate.
Population ~10,500 with a median household income growth of 18.8% to $54,167 (2023), indicating an improving local customer base.
The Houston metro area continues strong population and job growth, fueling consistent retail demand.
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: Bracket Real Estate, Inc., TX
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.