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Event Center and Apartments
For Sale
$2,500,000

48600 Highway 290 Bus, Hempstead, TX 77445

Event center built in 2009 with a large ballroom, meeting rooms, and two on-site apartments on unrestricted acreage.

Property Size16,592 SF
Lot Size11.32 Acres
Price / SF$150.68
Days on Market164

Property Features for 48600 Highway 290 Bus

General Information

Standard status Active
Size 16,592 SF
Lot size 11.32 Acres
Property subtype Land

Additional Details

Highway Access Yes
Clear Height 17 ft
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $16,560

Amenities

Carpet,Concrete,Tile
Yes
Appraiser
Ceiling Fan(s)
Rolling Slope
No
Well
11.318
Horses Allowed
Asphalt
Slab
Highway
16592

Building Details

Building Size 16,592 SF
Year Built 2009
Listing Agency: eXp Realty LLC
Listed By: Diane Moore
Source: Garygreene
Added: Mar 25 Changed: Sep 3 Last Checked: Sep 4 at 3:09AM

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 eXp Realty LLC

Investment Insights

Based on property information with market context.

This property offers an event center/ballroom totaling approximately 16,520 SF, built in 2009, along with two on-site apartments. The main event space is approximately 80x80 with an open layout, a raised stage, and 17-foot ceilings. There is a concession serving area with dedicated catering-friendly space, along with his and hers restrooms and abundant ceiling fans throughout. Central air/heat and abundant lighting support year-round event operations.

Additional interior space includes a 24x38 meeting room and a 24x27 meeting room suited for conferences, private gatherings, or breakout use. Outside, the property includes a large stabilized parking lot out front and provides excess land for expansion. The acreage is listed as unrestricted, and the property also notes 7.8 acres with a wildlife exemption and convenient access to major highways.

Overall, the combination of a large-capacity ballroom, supporting meeting rooms, and on-site apartments creates a complete setup for hosted events and related commercial uses.

Key Highlights

  • 11.318 unrestricted acres with a 16,520 SF event center/ballroom built in 2009
  • Ballroom main room approx. 80x80 with raised stage, open layout, and 17 ft ceilings
  • Concession serving area with interior meeting rooms: approx. 24x38 and 24x27

Property Analytics

Current Use

Wedding venues

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service Bakery (Bike/Boat/Book/etc) Store Veterinary Clinic

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
2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

97
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Wedding venue - Event center built in 2009 with a large ballroom, meeting rooms, and two on-site apartments on unrestricted acreage.
Where is this wedding venue located?
The property is located at 48600 Highway 290 Bus Hempstead, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 11.318 unrestricted acres with a 16,520 SF event center/ballroom built in 2009; Ballroom main room approx. 80x80 with raised stage, open layout, and 17 ft ceilings; Concession serving area with interior meeting rooms: approx. 24x38 and 24x27
More about this property
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