About This Restaurant
Investment Highlights
Great Location near HWY 274 and SH 288 Great redevelopment opportunity
Executive Summary
High traffic. Close to the City Hall. Great opportunity for investment. Can expand for your own business or redevelop to a small retail center, or industrial, convenience store, gas center, etc. Currently a crab restaurant is in the space, but is most likely best for redevelopment. Near 288 and 274 Hwy as well.
Property Details
- Sale Type Investment or Owner User
- Sale Condition Redevelopment Project
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Convenience Store General Retail Freestanding General Retail Garden Center Restaurant
- Building Size 2,255
- Building Class C
- Year Built 1967
- Price 450,000
- Price Per SF 200
- Cap Rate 6.44
- NOI 29,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.09 AC
Amenities
- Corner Lot
- Restaurant
Property Taxes
| Parcel Number | 2290-0015-002 2290-0017-000 | Improvements Assessment | $77,210 |
| Land Assessment | $80,080 | Total Assessment | $157,290 |
| Date Created: | 2024-07-16 04:23:44 | Last Updated: | 2024-07-16 04:23:44 |
| Address: | 500 S Velasco St , Angleton, Texas, 77515 | ||