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    508 Washington Ave Cleveland, TX 77327

    For Sale
    Contact for pricing

    High-traffic Texas location, build-to-suit options.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This ±0.56-acre pad site in Cleveland, Texas, presents a unique investment opportunity. Located at 508 S Washington Ave, 77327, this property offers excellent visibility and accessibility, boasting exposure to over 20,000 vehicles daily on Washington Avenue. The site is available for ground lease or build-to-suit, catering to a variety of retail uses, including auto shops, quick-service restaurants (QSRs), and full-service restaurants. Its strategic location is further enhanced by its proximity to a major H-E-B grocery store, approximately 0.1 miles away. The site's high-performing neighbors include Sonic, Jack in the Box, and Pizza Hut, all of which report sales volumes in the top 5-8% of their respective brands; Sonic reports $3.1 million in sales, while Jack in the Box and Pizza Hut each report $2 million. This strong retail environment is further bolstered by the ongoing construction of a 1,200-acre BNSF Railway facility, projected for completion by the end of 2023, promising significant future growth and increased traffic in the area. This prime location offers exceptional potential for businesses seeking high visibility and strong sales performance in a rapidly developing market. Liberty County location provides access to a growing population base.

    Property Features for 508 Washington Ave

    General Information

    Property type
    Restaurants
    Lot Size
    24,394 SF

    HighLights

    • ±0.56‑acre pad site available for ground lease or build‑to‑suit.
    • Approximately 0.1 miles from an H‑E‑B grocery store.
    • Adjacent to high‑performing quick‑service restaurants (QSRs).
    • Nearby QSRs (Sonic, Jack in the Box, and Pizza Hut) show strong sales.
    • BNSF Railway is developing a 1,200‑acre facility, expected completion by end of 2023.
    • Excellent visibility from Washington Ave, with over 20,000 vehicles daily.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.093804
    Latitude
    30.337354

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    FAQs

    What type of property is this?
    Restaurant - High-traffic Texas location, build-to-suit options.
    Where is this restaurant located?
    The property is located at 508 Washington Ave Cleveland, TX.
    What are key features of this property?
    This property features: ±0.56-acre pad site available for ground lease or build-to-suit.; Approximately 0.1 miles from an H-E-B grocery store.; Adjacent to high-performing quick-service restaurants (QSRs).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 Washington Ave Cleveland, TX 77327
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