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

Property Facts

Property Type
Retail
Property Subtype
Storefront
Building Size
120,669 SF
Building Class
C
Year Built
1991
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
19.56 AC
Zoning
General Commercial

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

Property Taxes

Parcel Number
4892-0000-0003-000
Land Assessment
$1,704,070
Improvements Assessment
$13,670,930
Total Assessment
$15,375,000
  • Listing ID: 14361489

  • Date on Market: 11/12/2018

  • Last Updated:

  • Address: 9300 Emmett F Lowry Expy, Texas City, TX 77591

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