Long-Established Office Supply Store in Houston Area w/Real Estate For Sale
Listing: # 8280
Price: $ 399,000
|Real Estate Price:||$0|
|Down Payment Required:||$399,000|
|Total Cash Flow:||$0|
Description and Operations
|Reason for Sale:||Relocating out of state.|
Reason for Sale:
Relocating out of state.
This is a unique opportunity to acquire a long-established office supply store in downtown Houston with real estate included. Located on major thoroughfare in downtown, the business offers over 24,000 office products as well as Custom Printings, Faxing/Copying, Laminations, Business Cards, Plaque/Trophy Engravings, Scully Wallets, McKlein Bags, Seiko Clocks, Cross Pens, and much more. Revenues are 85% commercial. Typical customers include law firms, City of Houston and oil /gas companies. Market downturn and Covid severely affected business. Huge potential for turnaround as owner has done no marketing and sales outreach. Sale includes over 40k inventory and 2008 Ford E150 van. Space can be repurposed as law firm, real estate, financial services, medical, etc. Low overheads as $1,595 monthly HOA covers utilities, A/C, WiFi, water, trash, 24 hour security, gym, pool, rooftop patio, two parking spots and two storage units. This property for sale includes an office supply unit (1169SF, owner occupied), a law office (319SF, $900/m) and a realtor office (281SF, $900/m). Prime location and excellent street visibility on first floor of hi-rise condominium building. Hurry before this one is gone!