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    523 Grand Ave Bacliff, TX 77518

    For Sale
    $630,000

    Coastal Restaurant & Apartments, High ROI Potential

    Property size:
    4,231 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity in Bacliff, Texas, presents a unique blend of commercial and residential real estate. The property, located at 523 Grand Ave, encompasses a thriving restaurant and two apartments situated on a 0.21-acre lot in Galveston County. The single-story building, constructed in 1997, boasts a total of 4,231 square feet of net rentable space, currently operating at 50% occupancy. The restaurant, a significant income generator, commands a monthly lease of $1,600 with several months remaining on the current term. The two apartments behind the restaurant offer additional income potential. Currently, they could generate approximately $1,900 per month in rental income, but renovations could significantly increase their rental value. The asking price is $630,000, translating to $148.90 per square foot. This mixed-use property presents a compelling opportunity for investors seeking a diversified portfolio with immediate cash flow and significant upside potential in a desirable coastal location. The property's prime location on a popular commercial road in Bacliff, TX (zip code 77518) ensures high visibility and accessibility. This is a rare chance to acquire a well-established business with substantial rental income and the potential for further development and increased profitability. Don't miss this chance to own a piece of Bacliff's thriving commercial landscape.

    Property Features for 523 Grand Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,231 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1997
    Stories
    1
    Units
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Don Raffa's Mexican ... Mexican Restaurant NOAH Corporate Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bacliff
    County
    Galveston
    State
    Texas
    Longitude
    -94.9843953
    Latitude
    29.5057803

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    FAQs

    What type of property is this?
    Restaurant - Coastal Restaurant & Apartments, High ROI Potential
    Where is this restaurant located?
    The property is located at 523 Grand Ave Bacliff, TX.
    What is the asking price?
    The asking price for this property is $630,000.
    Request Owner's contact information
    523 Grand Ave Bacliff, TX 77518
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    Bacliff, TX 77518
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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
    523 Grand Ave Bacliff, TX 77518
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