5505 Highway BlvdKaty, TX 77494

Property Details for 5505 Highway Blvd

Year built

1973

Lot size

0.41 AC

Property size (Sq ft)

5,000 SF

Zone code

M

Property type

Commercial real estate

APN

5410-00-005-0050-914

APU

5410000050050914

Description

This exceptional investment opportunity presents a fee-simple ownership of a thriving, dual-use commercial property in Katy, Texas. Located on Hwy 90, this 0.33-acre lot boasts two buildings totaling 5,000 square feet, currently operating at 100% occupancy. The property features a modern Sunoco-branded gas station with eight pumps, including the only diesel fuel option in the immediate area. The 2,000-square-foot convenience store includes space for a deli and a check-cashing booth, both currently available for lease. The property also includes a 3,000-square-foot tire shop operating under a 10-year lease with a 10% rent increase option, generating $7,000 monthly income. Built in 1986 and extensively renovated in 2022, this Class B property benefits from high visibility on Hwy 90, with over 17,000 vehicles passing daily. IMST projections estimate $50,000 in inside sales and 50,000 gallons of gas sold monthly. The property's strategic location near major residential developments (Cane Island), industrial centers (Amazon, Costco distribution centers), and the MKT Railroad Museum ensures consistent customer traffic. The property is zoned commercial, offering flexibility for various uses, including but not limited to auto dealerships, liquor stores, daycare centers, medical facilities, or warehouses. The asking price is $1,450,000, representing a price per square foot of $290. This turnkey operation presents a compelling opportunity for owner-users or investors seeking a strong return on investment in a high-growth market.

• Alternative Use

  Use

  Valuation

  Residential

  $1,409,326

  Hospitality

  $1,290,935

  Educational

  $1,074,043

  Medical

  $1,110,981

  Retail

  $1,670,734

Location Insight

City

Katy

County

Fort Bend

State

Texas

Latitude

29.7852

Longitude

-95.8201

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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