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Property profile & analytics
OFF-MARKET
Bars & Pubs

1026 8th St La Porte, TX 77571-4970

4,482 SF 0.46 ac lot Built 1958
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US82-2979905
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1958
Construction METAL FRAME
Total area 4,482 SF
Lot 0.46 ac (19,994 SF)
APN 232520720020
UPID US82-2979905
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mattie M Lindsey · 9 yrs held
Mattie M Lindsey
since 2016
6 recorded transactions
2024
Price N/A
2020
Price N/A
2016
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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