19706 Fm 521 RdRosharon, TX 77583

  • Specialty properties
  • 22,700 SF
For Sale
$7,500,000 View listing

Property Details for 19706 Fm 521 Rd

Year built
2016
Construction
FRAME
Lot size
449.75 AC
Property size (Sq ft)
22,700 SF
Property type
Specialty properties
APN
0025-0044-000
APU
250044000

Description

This exceptional investment opportunity presents a 24,150 square foot shopping center in Rosharon, Texas, situated on a 5-acre lot. The property features two buildings, each two stories high, and boasts a prime location at 19706 FM 521, zip code 77583. Currently configured as a single-tenant facility, this property offers significant potential for redevelopment or continued operation as a thriving retail space. The asking price is $7,500,000, translating to $310.56 per square foot. The property's APN is 151343. While currently utilized as a wedding and event venue, its versatile layout and ample square footage make it suitable for a variety of retail uses. The property includes extensive amenities such as a large ballroom, bridal suite, groom's quarters, chef's kitchen, on-site lodging, and outdoor event spaces. The existing infrastructure and high-end finishes present a significant advantage for a prospective buyer. The property's location in Fort Bend County offers excellent access to a growing population and strong consumer base. This is a rare opportunity to acquire a substantial retail property with significant upside potential in a desirable Texas market. The property's versatility and existing infrastructure make it an attractive investment for both experienced and emerging commercial real estate investors.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,321,314
    Hospitality
    $4,874,296
    Educational
    $4,055,356
    Medical
    $4,194,826
    Retail
    $6,308,332

Location Insight

City
Rosharon
County
Brazoria
State
Texas
Latitude
29.3059
Longitude
-95.4645
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
$44,706
$446,880
$3,534,720
$3,981,600
-
$4,721,700
$3,534,720
$8,256,420

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