Texas Plaza, located at 1010 S Texas Ave, Bryan, TX 77801, presents a compelling value-add investment opportunity. This fee-simple retail property encompasses 30,600 square feet across two 2.24-acre parcels on major thoroughfares connecting Bryan and College Station. Currently housing four units with two tenants (Bingo Barn and Los Plebes), the property boasts 65% occupancy. A significant 11,000 square feet of leasable space is available, along with a second-story area ripe for renovation to generate additional revenue. Built in 1985, this two-story building features 130 parking spaces and is zoned MT-C. The asking price is $2,600,000, translating to $85 per square foot, a price point attractive considering the potential for increased returns through lease-up and renovation. The property's prime location in a high-traffic area, near downtown Bryan and Texas A&M University, ensures strong potential for future growth and profitability. This is an exceptional chance to acquire a retail property in one of Texas's fastest-growing markets.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,186,832
Hospitality
$2,003,126
Educational
$1,666,578
Medical
$1,723,894
Retail
$2,592,454
Location Insight
City
Bryan
County
Brazos
State
Texas
Latitude
30.6627
Longitude
-96.3722
CBSA code
17780
CBSA name
COLLEGE STATION-BRYAN, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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