5107 Highway 288BRichwood, TX 77531

Property Details for 5107 Highway 288B

Year built

1954

Lot size

1.04 AC

Property size (Sq ft)

3,125 SF

Property type

Retail space

APN

1100-0015-110

APU

11000015110

Description

This exceptional mixed-use property, located at 5107 N Hwy 288 in Clute, Texas, presents a compelling investment opportunity. The 3,125 square foot building, situated on a single story, offers a versatile layout ideal for a variety of commercial uses, including office, retail, or industrial businesses. The asking price is $575,000, translating to $184 per square foot. The property features a well-designed interior including one office, a reception area, a kitchen, and two and a half restrooms. Its convenient location off of busy Highway 288 ensures high visibility and accessibility for customers and employees. The property is available for occupancy beginning May 1st, 2024. This is a rare opportunity to acquire a well-maintained, strategically located commercial space in the thriving Brazoria County market. The property's adaptability makes it suitable for a wide range of businesses seeking a prominent presence in a high-traffic area. The building's functional design and ample space provide a solid foundation for immediate occupancy and future growth. Serious inquiries are encouraged to explore this promising investment prospect further. The property is located in the city of Clute, zip code 77531.

• CAP approach

  CAP return

  Valuation

  6%

  $940,808

  6.5%

  $868,438

  7%

  $806,407

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,163,998

  Geo Method

  $2,357,696

• Alternative Use

  Use

  Valuation

  Residential

  $732,560

  Hospitality

  $671,021

  Educational

  $558,281

  Medical

  $577,482

  Retail

  $868,438

Location Insight

City

Clute

County

Brazoria

State

Texas

Latitude

29.0857

Longitude

-95.414

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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