Land for Sale in Cypress, Texas, United States

Court Ordered Bankruptcy Auction - Income Producing Retail Center on High Traffic Road This 17,100 SF Retail Center was Recently Built in 2019 in Cypress, TX along heavily trafficked Huffmeister Rd. The tenants are all on Triple Net Leases with 77% Occupancy. Annual Income is approximately $317,664. It is located just .6 miles north of Hwy 290 and in close proximity to Holiday Inn Express, Residence Inn by Marriott, Starbucks Coffee, 7/11 Convenience Store and surrounded by residential housing. Land Area Gross: 3.05 AC’s or 132,688 SF +|- of land 17,100 SF of Improvements Built in 2019 77% Occupancy (13,100 SF Leased NNN) Current Annual Base Rent is $317,664 NO FLOOD PLAIN – Zone X Northwest Corner of Huffmeister Rd & White Oak Springs Dr Total Road Frontage is Approx. 302’ +|- on Huffmeister.Rd Total Road Frontage is Approx. 100’ +|- on White Oak Springs Dr Zoning: None Topography: Generally Level and at Street Grade Utilities: Electricity: On Site Water/Sewer: City of Houston Huffmeister Rd is a Six-Lane, Concrete Roadway with a Center Median and Concrete Curbs and Gutters Nearby Properties include 7-11, Starbucks, Holiday Inn Express, Residence Inn by Marriott and HCA Houston Healthcare North Cypress Hospital Single Story Building Only .6 Miles North of Hwy 290 Close proximity to Hwy 290, Beltway 8, 99 & Hwy 249 The Following Information was obtained from a Previous November 2021 Appraisal: Foundation: Poured Concrete Slab Frame: Heavy Concrete Frame Construction: Masonry Exterior Walls: Brick & Stucco Roof Type: Flat Roof Cover: Tar & Gravel Interior Floor Coverings: Tile, Wood, Concrete Interior Walls: Painted Drywall Interior Ceiling Cover: Suspended Interior Lighting: Fluorescent & Incandescent Lighting HVAC & Electrical: Independently Metered Land to Building Ratio: 7.84 to 1 Floor Area Ratio: 0.13 Based on Rentable Area Parking Spaces: 112 Parking Ratio: 6.62 Spaces per 1,000 SF Site Stabilization: 2.57 to 1 Other Improvements: Concrete Paving, Landscaping, Exterior Lighting & Fencing DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!! Online bidding ends January 25th at 11:00 AM CT Preview: January 18th at 9:00 AM CT Property Address: 10807 Huffmeister Road, Cypress, Texas 77065 U.S. Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 23-34374 Tranzon Asset Advisors of Texas, LLC, #9008058, Kelly D. Toney, TX Auctioneer #11818 10% Buyer's Premium and other terms apply Contact Kelly Toney at 888-791-7307 ext. 808 or ktoney@tranzon.com https://www.tranzon.com/taa2401a