402 Grand PkwyKaty, TX 77494

Property Details for 402 Grand Pkwy

Year built

2004

Construction

CONCRETE BLOCKS

Lot size

7.34 AC

Property size (Sq ft)

101,052 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1255770010001

APU

1255770010001

Description

This turnkey opportunity presents a profitable Chinese restaurant for sale in Katy, Texas. Located at the high-traffic intersection of Katy Freeway and SH-99, this 3,000 square foot establishment boasts a strong takeout business, resulting in lower labor costs due to reduced staffing needs. The restaurant benefits from a loyal customer base and consistent dine-in and takeout orders. Its prime location ensures high visibility and easy customer access. All equipment, furnishings, and fixtures are included in the sale price of $160,000, making this a truly turnkey operation. The spacious interior offers ample room for dine-in service or expansion of delivery services. This well-established restaurant is ready for continued success in a rapidly growing area, presenting a significant opportunity for an experienced owner to step into a profitable business immediately. The property is situated at 402 W Grand Pkwy S, Katy, TX 77494, within Harris County.

• CAP approach

  CAP return

  Valuation

  6%

  $28,303,700

  6.5%

  $26,126,500

  7%

  $24,260,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,486,600

  Geo Method

  $31,464,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $50,761,800

  Mixed-Use / Specialty

  $26,109,100

  Hospitality / Lodging

  $19,254,000

  Office

  $26,032,900

  Institutional / Educational

  $27,170,000

  Residential Income

  $31,788,900

  Multifamily

  $37,706,000

  Automotive / Energy

  $23,288,600

  Parking / Income-Based Land

  $7,961,780

  Restaurant / Food Service

  $13,741,200

  Healthcare / Senior Housing

  $26,696,700

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.7772

Longitude

-95.7792

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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