23874 Loop 494 - Freestanding FOR SALE


Porter, TX 77365
$4,500,000 USD
832-499-8820
23874 Loop 494, Porter, TX for Sale
$4,500,000 USD
Freestanding - FOR SALE
1/19
null | Request Cap Rate

23874 Loop 494
Porter, TX 77365


HIGHLIGHTS

  • Unlock the potential of this high-visibility property located at 23874 Loop 494 , offering exceptional exposure and easy access to Highway 59.

OVERVIEW

Situated on a well-trafficked and highly visible stretch of Loop 494, this ±9,125 SF retail property sits on an expansive ±4.79-acre site in the heart of Porter, TX. Currently operating as a multi-tenant retail asset, the property offers immediate income potential with multiple revenue streams already in place. The site’s generous acreage and flexible layout provide a compelling value-add opportunity for investors and developers. Additional upside exists through lease-up of currently vacant space, potential rent adjustments, and future expansion or redevelopment of underutilized areas. Upon stabilization, the property presents a meaningful increase in overall income and long-term return. Strategically located less than two miles from US-59 (I-69) and the Grand Parkway (TX-99), the property benefits from strong regional connectivity and accessibility. The surrounding area continues to experience significant growth, supported by ongoing residential development and proximity to major national retailers such as Walmart, The Home Depot, and Walgreens. Opportunities of this scale along Loop 494 are increasingly limited, particularly those combining acreage, existing improvements, and income potential. This property represents a rare offering in a high-demand corridor with continued commercial expansion. Financials and rent roll available upon request.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$493 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

4.79 AC

LAND SF

208,652 SF

ZONING

No Zoning

APN/PARCEL ID

0104-00-00810

ASK ABOUT THIS PROPERTY

Cinthia El Hage ElrodRealm Real Estate Professionals NorthMore Info
832-499-8820

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Cinthia El Hage ElrodRealm Real Estate Professionals NorthMore Info
832-499-8820

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.