125 Way StLake Jackson, TX 77566

Property Details for 125 Way St

Year built

1983

Lot size

2.47 AC

Property size (Sq ft)

11,528 SF

Property type

Turn key restaurants

APN

5850-1214-170

APU

58501214170

Description

This exceptional 11,868 square foot retail building, situated on a 2.53-acre lot in Lake Jackson, Texas, presents a unique investment opportunity. Built in 1983, the property is currently vacant and offers significant potential for redevelopment or immediate occupancy. The building is zoned B-2, General Business, allowing for a wide range of commercial uses. Its strategic location on TX-288 ensures high visibility and accessibility, making it ideal for a restaurant or other high-traffic business. The expansive lot provides ample parking and potential for future expansion. The property's address is 125 West Way, Lake Jackson, TX 77566, within Brazoria County. This is a second-generation restaurant building, offering a substantial footprint ready for a new tenant to customize and establish their business. The entire 11,868 square feet is available for lease, providing a significant space for a large-scale operation. The property's existing infrastructure provides a solid foundation for a variety of commercial ventures. Given its size, location, and zoning, this property represents a compelling opportunity for businesses seeking a prominent presence in a thriving community. The property is ready for immediate occupancy, allowing for a swift start to operations. Serious inquiries are encouraged to explore this exceptional commercial real estate offering.

• CAP approach

  CAP return

  Valuation

  6%

  $3,470,602

  6.5%

  $3,203,632

  7%

  $2,974,802

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,293,942

  Geo Method

  $8,697,447

• Alternative Use

  Use

  Valuation

  Residential

  $2,702,384

  Hospitality

  $2,475,369

  Educational

  $2,059,478

  Medical

  $2,130,306

  Retail

  $3,203,632

Location Insight

City

Lake Jackson

County

Brazoria

State

Texas

Latitude

29.043

Longitude

-95.4536

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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