523 Grand Ave Bacliff, TX 77518

Property Details for 523 Grand Ave

Year built

1997

Lot size

0.21 lot acres

Property size

4,231 SF

Property type

Residential income homes

Description

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.

Location Insight

City

Bacliff

County

Galveston

State

Texas

Longitude

-94.9843953

Latitude

29.5057803

Property Visit Statistics

• Visits by month
  7.0k
• Visitors by month
  3.5k
• Avg Time on site
  16 min