500 S Velasco St - Restaurant FOR SALE


Angleton, TX 77515
$450,000 USD
281-636-5113
500 S Velasco St, Angleton, TX for Sale
$450,000 USD
Restaurant - FOR SALE
1/8
null | Request Cap Rate

500 S Velasco St
Angleton, TX 77515


HIGHLIGHTS

  • -Great Location near HWY 274 and SH 288
  • -Population: 23,401
  • -Households: 8,599
  • -Median Household Income: $71,146
  • -Daytime Employees: 10,904

OVERVIEW

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

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Convenience Store, Freestanding, Garden Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

-

APN/PARCEL ID

2290-0017-000

ASK ABOUT THIS PROPERTY

Serene WongSKW RealtyMore Info
281-636-5113

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Serene WongSKW RealtyMore Info
281-636-5113

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