1026 8th St La Porte, TX 77571-4970
This exceptional investment opportunity presents a 4,482 square foot, vacant, single-story building situated on a 0.94-acre lot in La Porte, Texas (77571). Located at the highly visible northwest corner of Fairmont Parkway and 8th Street, with direct visibility from SH-146, this property boasts a prime location ensuring high traffic and accessibility. The building features a full kitchen, a spacious bar area, a large dining room, and a stage, perfect for live entertainment. The versatile layout offers multiple revenue streams through food and beverage sales, and entertainment. An additional upstairs apartment provides potential for on-site living or supplemental rental income. This established location has served the La Porte community for decades, offering strong brand recognition and significant untapped potential for modernization and revitalization. The property's strategic location at a major intersection guarantees a steady flow of both local customers and passersby, catering to the growing demand for multi-functional venues. The asking price is $1,100,000, with a price per square foot of $245.43. This is a rare chance to acquire a well-loved landmark with substantial growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.