3985 Underwood Rd La Porte, TX 77571-3929
- Retail space
- 7,700 SF
- 0.55 lot acres
Current Use by Public Records
- Retail space
Property Details for 3985 Underwood Rd
- Year built
- 1983
- Construction
- METAL FRAME
- Lot size
- 0.55 lot acres
- Property size
- 7,700 SF
- Property type
- Retail space
- APN
- 431480000265
- APU
- 431480000265
Description
This exceptional 1,350-square-foot retail shell space is located at 3985 Underwood Rd, La Porte, TX 77571, offering high visibility at a prominent corner location. The property, part of a larger 10,500-square-foot building with two suites, sits on 1.12 acres of land and boasts ample parking (31 spaces, a 2.5/1000 ratio). Built in 1983 and extensively renovated in 2021, this Class B property presents a turnkey opportunity for various businesses. The space is ideal for a tea house, small office, or fast-food establishment, given its location within a populated area surrounded by residential neighborhoods and apartments, and adjacent to a new laundromat. High traffic counts ensure excellent exposure. The landlord offers assistance with build-out. The asking rent is $19 per square foot per year, triple net. A minimum five-year lease term is preferred. The property features one story and no elevators. Note that smoke shops are not permitted.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $661,000
Market price range: $306k - $898k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $605,000 Current use
- AUTO REPAIR, GARAGE
- $770,000 Change: +28% Conversion: Difficult
- RESTAURANT
- $655,000 Change: +8% Conversion: Easy
- MEDICAL BUILDING
- $505,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- La Porte
- County
- Harris
- State
- Texas
- Longitude
- -95.0861
- Latitude
- 29.6523
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
