1010 Texas AveBryan, TX 77801

  • Commercial real estate
  • 6,950 SF
For Sale
$2,600,000 View listing

Property Details for 1010 Texas Ave

Year built
2000
Construction
STEEL FRAME
Lot size
2.24 AC
Property size (Sq ft)
6,950 SF
Property type
Commercial real estate
APN
578000-0006-0010
APU
57800000060010

Description

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

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
2023
$54,176
$446,499
$2,303,501
$2,750,000
-
$446,499
$2,303,501
$2,750,000

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