Auto Salvage Yard within Beltway *

N/A Houston, TX

Houston
FOR SALE FOR LEASE Off Market Listing
Property Type:
Other Industrial
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Sep 22, 2023

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This property is an existing licensed Auto Salvage Yard in the Houston area. The property has been grandfathered in and the city is not issuing new licenses. We will engage a business broker to sell the business and the license in conjunction with the physical property itself. This property has a forward facing 6000 sq ft building from which the owner operates their Auto Salvage Yard business. Behind the building is an 11,520 covered canopy area for operations that was built in 1988. There was also an additional 2500 s ft canopy area and a retail building of 1560 sq feet that was constructed in 1988. This presents a unique opportunity for an investor to purchase an existing business and the associated real estate.

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.