5225 Emmett F Lowry ExpyTexas City, TX 77591

  • Commercial real estate
  • 9,960 SF
For Sale
$2,200,000 View listing

Property Details for 5225 Emmett F Lowry Expy

Year built
1991
Lot size
1.00 AC
Property size (Sq ft)
9,960 SF
Property type
Commercial real estate
APN
4428-0019-0100-003
APU
442800190100003

Description

This exceptional 10,032-square-foot special purpose property in Texas City, Texas, presents a remarkable investment opportunity. Located at 5225 Emmett F Lowry Expy, 77591, this turnkey event center is ideally suited for weddings, corporate functions, and private celebrations. The venue boasts a grand ballroom with high ceilings, hardwood floors, and elegant chandeliers, comfortably accommodating up to 300 guests. Multiple event spaces, including private rooms and bridal suites, cater to diverse needs. Outdoor areas, such as a picturesque garden or patio, provide additional space for ceremonies or receptions. Modern amenities include a state-of-the-art sound system, customizable lighting, and a fully equipped commercial kitchen. The property's prime location in Galveston County offers convenient access and ample parking. With a strong reputation and proven track record, this established event center represents a compelling investment for both seasoned entrepreneurs and those seeking to expand their portfolio. The asking price is $2,200,000. Broker co-op is available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,334,814
    Hospitality
    $2,138,678
    Educational
    $1,779,355
    Medical
    $1,840,549
    Retail
    $2,767,885

Location Insight

City
Texas City
County
Galveston
State
Texas
Latitude
29.3949
Longitude
-94.9711
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
$5,604
$16,000
$484,000
$500,000
-
$16,000
$484,000
$500,000

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