Offered for sale is a free-standing restaurant property located at 500 S Velasco St, Angleton, TX, positioned on a high-visibility corner lot just off SH 288 and HWY 274. This ±2,255 SF building sits on a generous ±47,480 SF parcel (1.09 acres), offering ample space for parking, redevelopment, or outdoor expansion.
With a market cap rate of 6.44% and estimated rent of $1.31–$1.61/SF, this site is competitively priced at $199.56/SF. Surrounding demographics support continued growth, with projected household and population growth of over 11% in the next five years within a 3-mile radius. The immediate area benefits from strong traffic counts, including 14,163 vehicles per day on SH 288B and 13,522 vehicles on Front Street.
Highlights:
-2,255 SF building on ±1.09 acres
-High-exposure corner lot
-Great visibility and signage potential
-Surrounded by dense residential and growing commercial activity
-Market sale comps in the submarket averaging $242/SF
-Ideal for owner-user, QSR, ghost kitchen, or redevelopment
-Located in the heart of Brazoria County with strong regional access