1026 8Th StLa Porte, TX 77571

Property Details for 1026 8Th St

Year built

1958

Construction

METAL FRAME

Lot size

0.46 AC

Property size (Sq ft)

4,482 SF

Property type

Bars

Property subtype

Pubs

APN

232520720020

APU

232520720020

Description

This exceptional investment opportunity presents a 4,482 square foot, vacant, single-story building situated on a 0.94-acre lot in La Porte, Texas (77571). Located at the highly visible northwest corner of Fairmont Parkway and 8th Street, with direct visibility from SH-146, this property boasts a prime location ensuring high traffic and accessibility. The building features a full kitchen, a spacious bar area, a large dining room, and a stage, perfect for live entertainment. The versatile layout offers multiple revenue streams through food and beverage sales, and entertainment. An additional upstairs apartment provides potential for on-site living or supplemental rental income. This established location has served the La Porte community for decades, offering strong brand recognition and significant untapped potential for modernization and revitalization. The property's strategic location at a major intersection guarantees a steady flow of both local customers and passersby, catering to the growing demand for multi-functional venues. The asking price is $1,100,000, with a price per square foot of $245.43. This is a rare chance to acquire a well-loved landmark with substantial growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,085,930

  6.5%

  $1,002,390

  7%

  $930,795

• Comparable approach

  Method

  Valuation

  Relative Method

  $688,980

  Geo Method

  $1,395,540

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,994,400

  Mixed-Use / Specialty

  $982,806

  Hospitality / Lodging

  $700,203

  Office

  $960,287

  Institutional / Educational

  $1,016,000

  Residential Income

  $1,188,720

  Multifamily

  $1,514,470

  Automotive / Energy

  $870,856

  Parking / Income-Based Land

  $316,344

  Restaurant / Food Service

  $476,986

  Healthcare / Senior Housing

  $1,024,270

Location Insight

City

La Porte

County

Harris

State

Texas

Latitude

29.6528

Longitude

-95.0277

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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