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    330 Texas Ave Texas City, TX 77590

    For Sale
    $160,000

    4,180 SF Vacant Bar/Restaurant

    Property size:
    4,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional value-add opportunity presents a 4,180-square-foot vacant commercial building situated on a 6,250-square-foot lot in Texas City, Texas. Located at 330 Texas Ave, 77590, this single-story, 1960-built structure is zoned E and offers significant potential. Previously operating as the popular Bourbon Street bar, this property boasts a prime location near the city's main industrial and commercial areas, presenting a unique chance for a business to cater to the local workforce. The asking price is $160,000, representing a price per square foot of $38.28. Galveston CAD has appraised the property at $399,250, highlighting its considerable upside potential. The building is vacant, offering immediate occupancy for a new tenant or owner-operator. This is a single-unit property with 100% ownership available. The property's history as a successful bar suggests strong potential for a variety of uses, including a restaurant or storefront. This is a rare opportunity to acquire a well-located commercial property at a significantly discounted price. The property's size and location make it an attractive investment for both experienced and new commercial property owners. Don't miss this chance to capitalize on this undervalued asset in a thriving Texas City location.

    Property Features for 330 Texas Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,180 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Exceptional value‑add opportunity: Galveston CAD appraised value of $399,250, offered at $160,000.
    • 4,180 square foot building.
    • 6,250 square foot lot.
    • 1960 construction.
    • Formerly Bourbon Street Bar.
    • $38.28 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Texas City
    County
    Galveston
    State
    Texas
    Longitude
    -94.899466875198
    Latitude
    29.384301726169

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    FAQs

    What type of property is this?
    Individual retail property - 4,180 SF Vacant Bar/Restaurant
    Where is this individual retail property located?
    The property is located at 330 Texas Ave Texas City, TX.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Exceptional value-add opportunity: Galveston CAD appraised value of $399,250, offered at $160,000.; 4,180 square foot building.; 6,250 square foot lot.
    Request Owner's contact information
    330 Texas Ave Texas City, TX 77590
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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
    330 Texas Ave Texas City, TX 77590
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