23502 Katy Fwy | Katy, TX 77450
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- LoopNet Team
23502 Katy Fwy
Katy, TX 77450
Retail Property For Sale
Investment Highlights
- Conveniently located at the dominant, superregional inersection of Katy Freeway / I-10 & Grand Parkway / 99 in West Houston.
- $1.2M Annual Ground Lease in place with ± 19 years remaining (Four, 5-year options available).
- $13M in new improvements
- Prior dealership was on pace to sell 3,500-4,000 vehicles in 2023.
- Possible sale option to own & operate improvements with an assignment of the leasehold interest.
- Multiple offices, conference rooms, bullpen, sales floor, training rooms, restrooms, etc.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
21,000 SF
Year Built
2023
Building Height
1 Story
Building FAR
0.03
Lot Size
15.09 AC
PROPERTY TAXES
| Parcel Number | 1282340010002 | Improvements Assessment | $5,501,262 |
| Land Assessment | $9,447,435 | Total Assessment | $14,948,697 |
PROPERTY TAXES
Parcel Number
1282340010002
Land Assessment
$9,447,435
Improvements Assessment
$5,501,262
Total Assessment
$14,948,697
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