13200 Fm 359 RdHempstead, TX 77445

  • Commercial real estate
  • 3,750 SF
For Sale
$580,000 View listing

Property Details for 13200 Fm 359 Rd

Year built
2006
Lot size
2.73 AC
Property size (Sq ft)
3,750 SF
Property type
Commercial real estate
APN
304100-336-015-100
APU
304100336015100

Description

This exceptional value-add investment opportunity presents a 6,318 square foot building situated on a sprawling 2.729-acre lot in Hempstead, Texas. Previously operating as a bar and grill, this single-story, 2006-built structure offers significant potential for redevelopment or owner-occupancy. The property includes an existing approximately 2,000 square foot patio and outdoor bar area, along with all existing fixtures, furniture, and equipment (FF&E). The interior features painted concrete flooring, walls, ceilings, and lighting, and a fully equipped kitchen and refrigeration areas. Located on FM 359 in Waller County, this unrestricted property enjoys prime visibility in a high-growth area, conveniently located near major thoroughfares including the Katy Freeway (I-10), SH-36, US-290, and SH-6, approximately 50 miles northwest of Houston's central business district. The property is bank-owned and offered at $580,000, translating to $91.80 per square foot. Existing utilities and infrastructure are in place, simplifying any future development or renovation plans. This versatile property is ideal for a variety of uses, making it an attractive investment prospect. The property's APN is 238705.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,056,995
    Hospitality
    $968,202
    Educational
    $805,532
    Medical
    $833,236
    Retail
    $1,253,050

Location Insight

City
Hempstead
County
Waller
State
Texas
Latitude
29.9523
Longitude
-96.0383
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$695,086
$169,200
$247,760
$416,960
-
$169,200
$247,760
$416,960

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