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$149,000

00 Cullen Parkway, Pearland, TX, 77584

On MarketInfo

About this property

Pearland 0.6095-acre hard corner pad site on the SE corner of Cullen Pkwy/FM 865 & Old Chocolate Bayou Rd next to the new 109-unit townhome development called Residences on the Parkway. The pad site has approximately 212 ft of frontage on Cullen, 106 ft on Old Chocolate Bayou & 123 ft on Serenity Ct with shared access drives. The cell tower on the pad site is on a lease with an access easement. The lease is not a part of the sale. Zoned General Business with all city utilities & off-site detention in place! Surrounded by homes, sports parks, churches & schools with easy access to major throughways like South Fwy/Hwy 288, Sam Houston Pkwy/BW-8, Hwy 35, FM 518/Broadway St, Magnolia Pkwy & McHard Rd. Additional Pad Site Available: 1.7410-acre corner pad site on the NE corner of Cullen & Fite Rd with traffic light. 20 Miles South of Downtown Houston & Texas Medical Center. 11 Miles West of Hobby Airport. Perfect for Retail, Office, QSR/Drive thru Restaurant.

Investor Tools

$0Estimated Mortgage Balance
$149,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$894 /month
Positive
Cash Flow Estimate:
$298 /month

Interested in this property?

Rene Sorola

Keller Williams Realty Metropolitan

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Pearland

00 Cullen Parkway | Property Details | No Agent List