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Property profile & analytics
OFF-MARKET
Turn key restaurants

1105 Hwy 146th S La Porte, TX 77571-6119

3,808 SF 0.6 ac lot Built 1984
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4861674
Property summary
AI-generated overview

This exceptional commercial land offering encompasses two parcels totaling 2.99 acres, strategically located at the highly visible, signalized intersection of State Highway 146 and West Fairmont Parkway in La Porte, Texas. The property boasts approximately 439 feet of frontage on State Highway 146 and 296 feet on Fairmont Parkway, placing it within the city's dominant retail hub. Currently, a month-to-month tenant, Baytown Seafood, occupies a portion of the site. The owner, who also operates the adjacent La Quinta Inn, is open to demolishing existing structures to accommodate pad site development. The seller will consider subdividing the larger parcel to facilitate either a sale or ground lease of individual parcels or the entire property. This prime location benefits from proximity to major retailers including McDonald's, Kroger, Burger King, Jack in the Box, Subway, and Taco Bell. Its advantageous position near Galveston Bay, with its strong economic ties to the Port of Houston, further enhances its value. The property's convenient location, just 30 minutes from Houston's downtown district and 18 miles from William P. Hobby International Airport, makes it an attractive investment opportunity. The APN numbers are 0241840000001 and 0241840000002. This is a rare opportunity to acquire a significant commercial land parcel in a thriving Texas market.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1984
Construction BRICK
Total area 3,808 SF
Lot 0.6 ac (26,092 SF)
APN 241840000002
UPID US82-4861674
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
Bre Of Lq Tx Properties · 20 yrs held
Bre Of Lq Tx Properties
since 2006
6 recorded transactions
2020
Price N/A
2018
Price N/A
2007
Price N/A
2006
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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