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    19550 Tx-249 Houston, TX 77070

    Sponsored
    For Sale
    $1,980,000

    Established Houston restaurant, high growth potential.

    Property size:
    10,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents the acquisition of a thriving, established restaurant, the Redfish Grill, located at 19550 TX-249 in Houston, Texas, 77070. The property boasts a substantial 10,250 square feet of net rentable space within a two-story building constructed in 2001. Situated on a sizable 28,842 square foot lot, this Class B property enjoys 100% occupancy and benefits from high visibility frontage on Highway 249 (Tomball Parkway) and convenient corner access to Cypresswood Drive. The restaurant's prime location within Houston's Technology Corridor is surrounded by thriving residential communities, luxury apartments, and numerous office parks, including the recently developed Chasewood Crossing Campus. This strategic position ensures consistent high traffic volume, contributing to the restaurant's established success. The asking price is $1,980,000. The property offers significant potential for future land redevelopment, capitalizing on the area's continued growth and desirability. The current owner/user is available to provide assistance post-purchase, ensuring a smooth transition. This is a rare opportunity to acquire a profitable, established business with substantial long-term growth potential and significant land value.

    Property Features for 19550 Tx-249

    General Information

    Property type
    Restaurants
    Square Feet
    10,250 SF
    Class
    B

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    2

    HighLights

    • Established Houston‑area restaurant in Cypress with strong brand recognition.
    • Prime location within Houston's Technology Corridor.
    • High‑visibility frontage on State Hwy 249/Tomball Pkwy.
    • Excellent corner access with high traffic counts on Cypresswood Dr.
    • Ample parking; owner/operator offering post‑sale support.
    • Surrounded by residential, multifamily, and office developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.566407678556
    Latitude
    29.979992333339

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    FAQs

    What type of property is this?
    Restaurant - Established Houston restaurant, high growth potential.
    Where is this restaurant located?
    The property is located at 19550 Tx-249 Houston, TX.
    What is the asking price?
    The asking price for this property is $1,980,000.
    What are key features of this property?
    This property features: Established Houston-area restaurant in Cypress with strong brand recognition.; Prime location within Houston's Technology Corridor.; High-visibility frontage on State Hwy 249/Tomball Pkwy.
    Request Owner's contact information
    19550 Tx-249 Houston, TX 77070
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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
    19550 Tx-249 Houston, TX 77070
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