2001 Garth RdBaytown, TX 77520

Property Details for 2001 Garth Rd

Year built

1996

Construction

CONCRETE BLOCKS

Lot size

1.29 AC

Property size (Sq ft)

12,815 SF

Property type

Drug stores

APN

1189330000001

APU

1189330000001

Description

This exceptional 11,000-square-foot retail property, situated on a 1.29-acre lot in Baytown, Texas, presents a unique investment opportunity. Located at 2001 Garth Rd, this single-story, 1996-built building boasts a prominent hard corner location at a signalized intersection, ensuring high visibility and accessibility. The property features a large pylon sign and four convenient curb cuts, maximizing exposure to the substantial traffic flow on Garth Road, a key thoroughfare connecting to densely populated neighborhoods. With 60 parking spaces available, customer convenience is prioritized. The building is currently vacant, offering a blank canvas for a variety of retail uses. The surrounding area boasts an average household income of $72,000 and nearly 4,000 households within a one-mile radius, indicating strong potential for tenant acquisition and sustained revenue generation. The property is zoned for commercial use and offers significant potential for a savvy investor seeking a prime retail location in a thriving community. The asking price is $2,100,000, translating to $190.91 per square foot. This represents a compelling opportunity to capitalize on the robust retail market in Baytown, Texas. The property's size, location, and visibility make it an ideal candidate for a variety of retail businesses. The ample parking and convenient access points further enhance its appeal. This is a rare chance to acquire a well-positioned retail asset in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,633,517

  6.5%

  $4,277,092

  7%

  $3,971,586

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,565,266

  Geo Method

  $9,668,441

• Alternative Use

  Use

  Valuation

  Residential

  $3,607,888

  Hospitality

  $3,304,806

  Educational

  $2,749,560

  Medical

  $2,844,121

  Retail

  $4,277,092

Location Insight

City

Baytown

County

Harris

State

Texas

Latitude

29.7469

Longitude

-94.9777

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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