1105 Highway 146La Porte, TX 77571

Property Details for 1105 Highway 146

Year built

1984

Construction

BRICK

Lot size

0.60 AC

Property size (Sq ft)

3,808 SF

Property type

Turn key restaurants

APN

241840000002

APU

241840000002

Description

This exceptional commercial land offering encompasses two parcels totaling 2.99 acres, strategically located at the highly visible, signalized intersection of State Highway 146 and West Fairmont Parkway in La Porte, Texas. The property boasts approximately 439 feet of frontage on State Highway 146 and 296 feet on Fairmont Parkway, placing it within the city's dominant retail hub. Currently, a month-to-month tenant, Baytown Seafood, occupies a portion of the site. The owner, who also operates the adjacent La Quinta Inn, is open to demolishing existing structures to accommodate pad site development. The seller will consider subdividing the larger parcel to facilitate either a sale or ground lease of individual parcels or the entire property. This prime location benefits from proximity to major retailers including McDonald's, Kroger, Burger King, Jack in the Box, Subway, and Taco Bell. Its advantageous position near Galveston Bay, with its strong economic ties to the Port of Houston, further enhances its value. The property's convenient location, just 30 minutes from Houston's downtown district and 18 miles from William P. Hobby International Airport, makes it an attractive investment opportunity. The APN numbers are 0241840000001 and 0241840000002. This is a rare opportunity to acquire a significant commercial land parcel in a thriving Texas market.

• CAP approach

  CAP return

  Valuation

  6%

  $922,626

  6.5%

  $851,655

  7%

  $790,823

• Comparable approach

  Method

  Valuation

  Relative Method

  $585,372

  Geo Method

  $1,185,680

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,694,480

  Mixed-Use / Specialty

  $835,012

  Hospitality / Lodging

  $594,907

  Office

  $815,879

  Institutional / Educational

  $863,213

  Residential Income

  $1,009,960

  Multifamily

  $1,286,720

  Automotive / Energy

  $739,897

  Parking / Income-Based Land

  $268,773

  Restaurant / Food Service

  $405,257

  Healthcare / Senior Housing

  $870,243

Location Insight

City

La Porte

County

Harris

State

Texas

Latitude

29.652

Longitude

-95.0291

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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