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6239 Griggs Road
Houston, TX 77023-6010
Asking Price
$250K
Asset Type
Commercial Mixed-use
Class
Class B
What's Special
Mixed Use <ul><li>Prime opportunity in a high-traffic area with exceptional visibility and access</li><li>13,502 SqFt non-restricted lot ideal for retail, office, or multi-unit residential development</li><li>Old office and shop/garage structure included, sold for lot value only</li><li>Surrounded by thriving businesses including restaurants, retail, and service shops</li><li>Utilities available with flexible use options</li><li>Easy access to major roads</li><li>Perfect for commercial or townhome
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NOI
$80,000
Cap Rate
32.00%
DSCR
5.39
Strong
Cash-on-Cash
86.88%
Monthly Payment
$1,236.864
Annual Cash Flow
$65,157.637
