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9300 Emmett F Lowry Expy
Texas City, TX 77591
Mainland Crossing · Retail Property For Sale

Property Facts
About 9300 EMMETT F LOWRY EXPY , TEXAS CITY, TX 77591
• Desirable Value-Add Opportunity: With a current occupancy of 42.70%, immediate revenue growth is available with the lease-up of the available 77,588 square feet. • Below Market Assumable Debt: The current assumable loan on the property provides an investor with a below market rate of 4.66% which is not achievable in today’s interest rate environment. Please see page 10 of the OM for details. • High Growth Trade Area: High growth has been consistent in this area as evidenced by a 19.80% population growth within three miles since 2010. This same trade area has indications of 11.17% population growth projected over the next five years. • Excellent Location in Texas City with High Traffic Counts: Situated along Emmett Lowry Expy between Houston and Galveston. Traffic counts along Interstate 45 exceed 69,150 Vehicles Per Day and 43,870 Vehicles Per Day Along Emmett Lowry Expy. • Priced Below Replacement Cost: Mainland Crossing presents a compelling opportunity to acquire a retail asset at $65.31 per square foot which is well below replacement cost.
Property Taxes
| Parcel Number | 4892-0000-0003-000 | Improvements Assessment | $13,670,930 |
| Land Assessment | $1,704,070 | Total Assessment | $15,375,000 |
Property Taxes
Listing ID: 14361489
Date on Market: 11/12/2018
Last Updated:
Address: 9300 Emmett F Lowry Expy, Texas City, TX 77591
The Retail Property at 9300 Emmett F Lowry Expy, Texas City, TX 77591 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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