16516 Market St Channelview, TX 77530
- Grocery and convenience stores
- 6,876 SF
- 2.04 lot acres
Current Use by Public Records
- Imagen Mini Mart / Convenience Store
- ATM (ATM Link, Inc.) / Atm
- Stop & Drive / Convenience Store
Property Details for 16516 Market St
- Year built
- 1958
- Construction
- BRICK
- Lot size
- 2.04 lot acres
- Property size
- 6,876 SF
- Property type
- Grocery and convenience stores
- APN
- 720410060004
- APU
- 720410060004
Description
This exceptional investment opportunity presents a 7,778 square foot mixed-use property situated on a 2-acre lot in Channelview, Texas, just 20 minutes east of Downtown Houston. The property, located at 16516 Market St, zip code 77530, consists of two single-story buildings constructed in 1958. Currently configured as a bar, convenience store, and storefront, this value-add property offers significant potential for redevelopment or repurposing. The asking price is $1,088,000, translating to $139.88 per square foot. Its strategic location near the Houston Ship Channel presents a compelling opportunity for developers seeking to capitalize on the area's burgeoning commercial growth. The property's versatility allows for a wide range of development possibilities, including the construction of a warehouse or flexible commercial space. This prime real estate presents a rare chance to acquire a substantial land parcel in a high-growth area with excellent access to major transportation routes. The property is located in Harris County and offers significant upside for investors seeking a value-add opportunity in a dynamic market. This is a unique chance to secure a piece of prime Houston-area real estate with considerable potential for future appreciation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Channelview
- County
- Harris
- State
- Texas
- Longitude
- -95.1057
- Latitude
- 29.7806
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
