Thriving Event Center w/ Additional Income 100 N Main St
14,432 SF 11% Leased Retail Building Galena Park, TX 77547 $499,000 ($34.58/SF)
INVESTMENT HIGHLIGHTS
- Prime location in the heart of Galena Park just 12 minutes east of downtown Houston.
- Fully subdivided with each unit having its own address, electricity, and water meters for ease of operation.
- Over $500,000 of recent capital investment to upgrade units with modern finishes and upgrades, new HVAC systems and a new roof (2022).
- Over 14,000 sq. ft. of flexible space, including 4 halls for varied event sizes. Ideal for retail or commercial use with flexible zoning and multiple
- Well-established Event Center currently generating substantial monthly revenue from events.
- As part of the capital improvements, the Event Space was entirely reconstructed, currently in turnkey form.
EXECUTIVE SUMMARY
This property is listed for sale via online auction. For more information and to review the due diligence section visit https://fre.com/500D6
The Galena Park Event Center offers an investment opportunity in the heart of Galena Park, Texas, with a total of 14,850 sq. ft. of versatile space spread across two stories. Located just 12 minutes from downtown Houston, this property is ideal for both retail and event center uses, attracting a range of tenants and customers from the surrounding area. The building features four distinct event halls, capable of accommodating both intimate gatherings and large-scale events such as weddings, graduations, and parties. With a flexible design and modern amenities, the Event Center generates steady monthly cash flows.
The Galena Park Event Center offers an investment opportunity in the heart of Galena Park, Texas, with a total of 14,850 sq. ft. of versatile space spread across two stories. Located just 12 minutes from downtown Houston, this property is ideal for both retail and event center uses, attracting a range of tenants and customers from the surrounding area. The building features four distinct event halls, capable of accommodating both intimate gatherings and large-scale events such as weddings, graduations, and parties. With a flexible design and modern amenities, the Event Center generates steady monthly cash flows.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,432 SF
Building Class
C
Year Built
1944
Price
$499,000
Price Per SF
$34.58
Percent Leased
11%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.46 AC
Zoning
N/AP, Harris
Parking
2.08 Spaces per 1,000 SF Leased
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Busy main intersection of Galena Park City, in front of Mc Donald’s!!
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,000 SF | Retail | - | 30 Days |
| 1st Floor | 800 SF | Retail | - | 30 Days |
| 1st Floor | 1,500 SF | Retail | - | 30 Days |
| 103 | 800 SF | Retail | - | 30 Days |
| 1908 | 1,500 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size |
| 800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
103
| Size |
| 800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1908
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
PROPERTY TAXES
| Parcel Number | 0381070510001 | Improvements Assessment | $730,018 |
| Land Assessment | $160,000 | Total Assessment | $890,018 |
