Alvin Historic Gordon Building

$1,800,000
Commercial
9279 Property ID

Description

Non Disclosure Agreement

Introducing a rare opportunity to own a piece of history at 100/102 Gordon Street in Alvin. This iconic property, referred to as the Alvin’s Historic Landmark, is now available for sale and offers a versatile space suitable for office, restaurant, or retail use. Situated in a prime location, this property boasts a rich heritage and unique character that will set your business apart. Whether you are looking to establish your office in a historic setting, open a charming restaurant, or showcase your retail offerings in a standout location, this property provides the perfect backdrop for your vision. This Offering Memorandum contains valuable information about the property, though not exhaustive, to help you assess the potential of this landmark investment. Take advantage of this exclusive opportunity to own a property that combines historical significance with modern possibilities. Act now to secure your place in Alvin’s history by making this landmark property your own.

Investment Highlights

  • Alvin’s Downtown Centerpiece Property
  • Solid Rental History
  • Opportunity Zone
  • Development Opportunity (2nd Floor)
  • 13,881 Traffic Count
  • Motivated Seller

Address

  • Address 102 N Gordon St, Alvin, TX 77511
  • Country United States
  • Province/State
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Overview

  • Property ID 9279
  • Price $1,800,000
  • Property Type
  • Property status
  • Property Type Mixed Use, Office, Retail
  • Subtype Executive Office, Restaurant, Storefront
  • Investment Type Stabilized
  • Class B
  • Lease Type NNN
  • Tenant Credit Credit Rated, Franchisee, No Credit Rating
  • Tenancy Multi
  • Brand/Tenant Edward Jones, Gordon Street Tavern
  • Number of Tenants 4
  • Lease Term 13.8 years
  • Lease Commencement 01/01/2020
  • Lease Expiration 10/15/2033
  • Remaining Term 8.6 years
  • Square Footage 14,036
  • Net Rentable (sq ft) 14,036
  • Price/Sq Ft $128.24
  • Cap Rate 7.41%
  • Occupancy 50%
  • Occupancy Date 07/01/2021
  • NOI $133,391
  • Units 5
  • Year Renovated 2015
  • Buildings 1
  • Stories 2
  • Zoning N/A
  • Lot Size (acres) 0.5
  • Rent Bumps 3 year to market rate
  • APN 3497-2000-000

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