3111 Fry RdKaty, TX 77449

Property Details for 3111 Fry Rd

Year built

2005

Construction

CONCRETE BLOCKS

Lot size

6.09 AC

Property size (Sq ft)

68,156 SF

Property type

Retail properties

Property subtype

Strip malls

APN

431030000178

APU

431030000178

Description

Fry Morton Plaza offers exceptional medical office space for lease. This multi-tenant property features a readily available suite ranging from 1,800 to 7,000 contiguous square feet. The space is currently in move-in condition, having previously served as a fitness center – a second-generation space offering a versatile layout adaptable to various medical practices. The property is classified as Retail, Office, and Restaurant, reflecting its diverse potential uses. The minimum leasable space is 1,800 square feet, ideal for smaller practices, while larger tenants can occupy up to 7,000 contiguous square feet. This presents a unique opportunity for medical professionals seeking a well-located, adaptable space. The existing infrastructure from its previous use as a fitness center may offer significant advantages in terms of layout and existing utilities. The property's classification as multi-tenant suggests a vibrant and established community of businesses, creating a collaborative and supportive environment. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure high-quality medical office space in a desirable location. The flexible space options cater to a wide range of medical practices, from small clinics to larger multi-specialty groups. Don't miss this chance to establish or expand your practice in this well-maintained building.

• CAP approach

  CAP return

  Valuation

  6%

  $24,671,946

  6.5%

  $22,774,104

  7%

  $21,147,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,943,706

  Geo Method

  $51,421,168

• Alternative Use

  Use

  Valuation

  Residential

  $19,210,810

  Hospitality

  $17,596,998

  Educational

  $14,640,496

  Medical

  $15,144,005

  Retail

  $22,774,104

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.8169

Longitude

-95.7211

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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