1017 Bayou RdLa Marque, TX 77568

  • Commercial real estate
  • 14,900 SF
For Sale
$1,075,000 View listing

Property Details for 1017 Bayou Rd

Year built
1965
Lot size
1.16 AC
Property size (Sq ft)
14,900 SF
Property type
Commercial real estate
APN
2775-0004-0900-002
APU
277500040900002

Description

This exceptional investment opportunity presents a fully leased, 15,800 square foot mixed-use property situated on 1.158 acres at 1017 Bayou Rd, La Marque, Texas 77568. The property boasts a 100% occupancy rate, generating a consistent cash flow for the investor. The building comprises three units: Unit A, a versatile 1,900 square foot space, and Units B and C, which have been thoughtfully combined to create a substantial 13,900 square foot area. This prime location on Bayou Road offers high visibility and accessibility, ensuring strong tenant appeal. The asking price is $1,075,000, translating to $68.04 per square foot. This property is ideal for investors seeking a stable, high-return investment with minimal vacancy risk. The property's location in Galveston County, Texas, provides access to a thriving local market. This is a rare opportunity to acquire a fully leased, high-performing mixed-use asset in a desirable location. The property's strong tenant base and consistent rental income make it an attractive investment for both seasoned and new investors.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,492,845
    Hospitality
    $3,199,427
    Educational
    $2,661,886
    Medical
    $2,753,432
    Retail
    $4,140,712

Location Insight

City
La Marque
County
Galveston
State
Texas
Latitude
29.3702
Longitude
-94.9712
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2018
$2,213
$32,070
$861,930
$894,000
-
$32,070
$861,930
$894,000

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