This Retail Property is Off-Market.

341 10th ST
Hempstead, TX 77445 ·

1,248 SF · Retail For Sale

N/A

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Hempstead retail on US 290 Business & Texas 6

Price N/A Property Use Type Vacant/Owner-User
Building Size 1,248 SF No. Stories 1
Property Type Retail Lot Size 0.27 AC
Property Sub-type
Free Standing Bldg
More...
  • Street Retail
  • Vehicle Related
APN / Parcel ID R19574
Listing ID: 15164174 Date Created: 06/01/2007 Last Updated: 05/05/2008

Description

Located on a 0.278 acre corner lot with a 1,248 SF building offering 12' 9" ceilings.

It has excellent parking, visibility and signage potential.

Space includes:

(1) 220 SF retail

(2) Two work areas of 343 SF

(3) Workshop of 66.49 SF

The building is a converted gas station with EPA certification of tank removal. The two work areas have overhead doors. One has a hydraulic lift.

The building configuration is ideal for vehicle maintenance and/or retail benefitting from overhead doors.

At the corner of 10th Street (Business US 290 and Highway 6) and Calvit Street, it is strategically located on US 290 Business/Highway 6 (the primary north-south corridor for Hempstead).

It is less than 1 mile from US 290.

The daily traffic count is the 4th busiest non-highway intersection in the city.

KEY DEMOGRAPHICS AND ECONOMETRICS

(1) Within a 1 mile radius, since 2000, population growing at a 4.5% annual rate

(2) Within a 1 mile radius, there are 3,000 employees at 276 employers

(3) Within a 2 mile radius, for the next 5 years, population will grow 117% faster than Waller County

(4) Within a 1, 2 and 3 mile radiuses, consumer spending will increase by at least 44% by 2011

(5) Within a 5 mile radius, by 2012, area effective household buying income will increase by 29% to $187,000,000

RETAIL GAP ANALYSIS

14 opportunities within a 2 mile radius where existing consumer demand exceeds supply by at least $185,000 per year in annual retail revenue per opportunity.

These 14 opportunities total $6.9 million in unmet retail demand averaging $490,000 per year in annual retail revenue opportunities.

Highlights

  • Great Hempstead investment/retail opportunity on US 290 Business/Texas 6 (10th Street)
  • Less than 1 mile from US 290 and just down the street from the largest new car dealership between Houston and Austin
  • Within a 1 mile radius, since 2000, population growing at a 4.5% annual rate
  • Within a 5 mile radius, by 2012, area effective household buying income will increase by 29% to $187,000,000
  • 14 opportunities within a 2 mile radius where existing consumer demand exceeds supply by at least $185,000 per year in annual retail revenues
  • The 14 opportunities total $6.9 million in unmet retail demand averaging $490,000 per year in annual retail revenues

Research

341 10th ST, Hempstead, TX 77445 (Waller County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Hempstead Market Trends - Asking price index trends, sale price trends, asking rent trends

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