816 17Th StWest Columbia, TX 77486

Property Details for 816 17Th St

Year built

1980

Lot size

1.43 AC

Property size (Sq ft)

18,000 SF

Property type

Turn key restaurants

APN

1259-0000-001

APU

12590000001

Description

Exceptional opportunity to acquire a vacant 18,000 square foot restaurant building situated on a 1.4-acre lot in West Columbia, Texas. Located at 816 S 17th St, 77486, this property offers significant potential for a variety of uses. Currently, the building is vacant, having previously housed Baytown Seafood which occupied approximately 7,000 square feet. The sale includes the option to purchase existing restaurant fixtures and equipment. The asking price is $1,250,000, translating to $69.44 per square foot for the building and $24.60 per square foot for the land. This prime location benefits from its proximity to Columbia High School and numerous national tenants, further enhanced by the ongoing expansion of Highway 36 to four lanes with a center turn lane. The property offers complete flexibility for new ownership, with no existing leases and the entire 18,000 square feet available upon sale. This presents a unique chance to establish a thriving business in a high-traffic area with excellent visibility. The property is owner-user investment type.

• CAP approach

  CAP return

  Valuation

  6%

  $6,515,862

  6.5%

  $6,014,641

  7%

  $5,585,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,115,833

  Geo Method

  $13,580,330

• Alternative Use

  Use

  Valuation

  Residential

  $5,073,575

  Hospitality

  $4,647,368

  Educational

  $3,866,555

  Medical

  $3,999,532

  Retail

  $6,014,641

Location Insight

City

West Columbia

County

Brazoria

State

Texas

Latitude

29.1376

Longitude

-95.6546

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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