1631 Main St Pearland, TX 77581-2803
- Retail space
- 2,380 SF
- 1.26 lot acres
Current Use by Public Records
- The Lab Gym - RU Performance Center / Personal Trainer / Physical Fitness Program
- Train With Lu / Personal Trainer
Property Details for 1631 Main St
- Year built
- 1966
- Lot size
- 1.26 lot acres
- Property size
- 2,380 SF
- Property type
- Retail space
- APN
- 0542-0052-000
- APU
- 5420052000
Description
This exceptional 1,500 square foot storefront property is located at 1631 N Main St, Pearland, TX 77581, on a highly trafficked corner lot at the intersection of N Main St and Halik St. The property is zoned commercial and offers a single-tenant occupancy within a larger building totaling 2,150 square feet. Eight parking spaces are available for tenants and their clients. The space is currently available for lease and is adaptable to a variety of uses, including traditional office, medical office, or creative office spaces. While previously used as a gym, the interior requires some renovation. To incentivize leasing, the landlord is offering a tenant improvement allowance. The current rental rate is significantly below market value, reflecting the property's as-is condition. This presents a rare opportunity for a business seeking high visibility in a prime Pearland location. The property's versatility and attractive rental price make it an ideal investment for a wide range of businesses. This is a high-traffic area with excellent visibility, making it perfect for a business looking to establish a strong presence in the Pearland community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $440,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $510,000
- Retail
- $505,000
- Mixed-Use
- $505,000
- Hospitality
- $485,000
- Educational
- $430,000
- Residential Income
- $485,000
- Energy
- $500,000
- Income-Based Land
- $470,000
- Food Service
- $445,000
Location Insight
- Map
- Local Demand
- City
- Pearland
- County
- Brazoria
- State
- Texas
- Longitude
- -95.2858
- Latitude
- 29.5775
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA