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High-Ceiling Flex Space
New
For Sale
$1,650,000

47921 Highway 290 Bus, Hempstead, TX 77445

Adaptable commercial building with event-oriented improvements, office areas, living quarters, and substantial highway exposure.

Property Size6,850 SF
Lot Size4.19 Acres
Price / SF$240.88
Days on Market1

Property Features for 47921 Highway 290 Bus

General Information

Standard status Active
Size 6,850 SF
Lot size 4.19 Acres
Property subtype Land

Site & Location

Road Frontage 1,370 ft
Highway Access Yes
Road Access Yes

Additional Details

Clear Height 17 ft
Land Use commercial, retail, entertainment, residential

Taxes and HOA fees

Annual Taxes $9,914

Amenities

raised stage
bar
dining areas
grease trap
septic aerobic systems
water well
office
living quarters
Owner
No
Private,Well
4.187
Asphalt,Gravel
Highway
6850

Building Details

Building Size 6,850 SF
Year Built 2002
Buildings 1
Listing Agency: Compass RE Texas, LLC - Memorial
Listed By: Mei Fong
Source: Garygreene
Added: Sep 20 Last Checked: Sep 20 at 2:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass RE Texas, LLC - Memorial

Investment Insights

Based on property information with market context.

This 4.187-acre flex property includes a 6,850 SF building with an adaptable layout and 17-foot ceilings. The main room measures approximately 160 feet by 40 feet and includes a raised stage, bar, and dining areas. The building began as a welding and manufacturing facility and was later converted into an entertainment and event center with owner’s living quarters and office space. Improvements include three 10-ton AC units, a grease trap, two septic aerobic systems, and a water well. A 12-by-40-foot addition provides downstairs office space and upstairs living quarters.

The property has approximately 1,370 feet of frontage along Business 290 at the southwest corner of Business 290 and FM 359. An additional 3-acre expansion area is available for further structures. The site is located near Hwy 290 and FM 1488, as well as the HEB Distribution Center and RCR Rail Facility, and is within Waller ISD.

Key Highlights

  • 4.187‑acre site with approximately 1,370' of frontage on Bus 290
  • 6,850 SF building with 17' ceilings and a 160' x 40' main room
  • Raised stage, bar, dining areas, office space, and owner’s living quarters

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Storage Facility Butcher Veterinary Clinic Grocery & Convenience Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17 ft
Clear height
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

24
Businesses Nearby
Well-served
Demand for This Use

Demographics for 77445, TX

14,160
Population
5,810
Households
2.4
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
185.8 sq mi
ZIP Area
76
Density / Sq Mi
$63,650
Median Household Income
$32,347
Median Earnings
$1,251
Median Rent
$270,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Adaptable commercial building with event-oriented improvements, office areas, living quarters, and substantial highway exposure.
Where is this flex space located?
The property is located at 47921 Highway 290 Bus Hempstead, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 4.187‑acre site with approximately 1,370' of frontage on Bus 290; 6,850 SF building with 17' ceilings and a 160' x 40' main room; Raised stage, bar, dining areas, office space, and owner’s living quarters
More about this property
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