1523 Avenue C Katy, TX 77493
This unique mixed-use property at 1523 Avenue C in Katy, Texas, presents a compelling investment opportunity. The 1,920 square foot building, built in 1924, is situated on a substantial lot and offers a blend of historical charm and commercial potential. Currently vacant, this two-story structure is zoned C1 commercial, although it's grandfathered in as residential, providing flexibility for various uses. The asking price is $399,999, translating to $208.33 per square foot. Located in the desirable Katy Independent School District, the property benefits from a low tax rate, with no MUD tax or HOA fees. The main building features three bedrooms and three full bathrooms. A significant addition enhances the property's versatility: a 40ft x 50ft outbuilding in the backyard offers ample space for various commercial applications or expansion. This property is ideal for an entrepreneur seeking a unique space to establish a business in a thriving Katy location, within Harris County, zip code 77493. The property's historical significance and flexible zoning make it a rare find in the Katy market. The substantial lot size and existing outbuilding provide significant expansion possibilities. This is a chance to own a piece of Katy history and capitalize on its commercial potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.