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    1031 9Th St Texas City, TX 77590

    For Sale
    $160,000

    Vacant Convenience Store, Huge Potential

    Property size:
    3,377 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This vacant convenience store presents a remarkable value-add investment opportunity in Texas City, TX. Located at 1031 9th St N, this property boasts a substantial 3,377 square foot building situated on a 6,250 square foot lot. The Galveston County Appraisal District values this property at $356,620, making the asking price of $160,000 exceptionally attractive. Originally constructed in 1973, the single-story building is zoned E and offers significant potential for redevelopment or repurposing. The property is currently vacant but retains valuable existing commercial equipment, including a refrigerator, walk-in cooler, and walk-in freezer – remnants from its previous use as a popular meat market. Its strategic location near the industrial and commercial heart of Texas City offers excellent access to a robust customer base. This presents a unique chance to establish a business catering to the needs of the area's significant economic drivers. The property's size and location make it suitable for a variety of retail uses. This is a rare opportunity to acquire a significantly undervalued property with considerable upside potential. Serious inquiries are encouraged.

    Property Features for 1031 9Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,377 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    1

    HighLights

    • Exceptional value at $160,000, significantly below the Galveston CAD appraised value of $356,620.
    • 3,377 square‑foot retail building.
    • 6,250 square‑foot lot.
    • Built in 1973.
    • Includes commercial refrigerator, walk‑in cooler, and walk‑in freezer.
    • Vacant, offering a value‑add opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ninth Street Meat ... Butcher Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -94.90711871008
    Latitude
    29.395029112528

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    FAQs

    What type of property is this?
    Individual retail property - Vacant Convenience Store, Huge Potential
    Where is this individual retail property located?
    The property is located at 1031 9Th St 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 at $160,000, significantly below the Galveston CAD appraised value of $356,620.; 3,377 square-foot retail building.; 6,250 square-foot lot.
    Request Owner's contact information
    1031 9Th St Texas City, TX 77590
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    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
    1031 9Th St Texas City, TX 77590
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