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2550 FM 646 Rd E 7,500 SF Specialty Building Offered at $1,450,000 at a 13.37% Cap Rate in Dickinson, TX 77539



INVESTMENT HIGHLIGHTS
- Turn-Key Opportunity to Acquire Operating Business!
- 250 Person Capacity!
- High Growth Market with Incredible Frontage!
EXECUTIVE SUMMARY
This property operates as an established, all-inclusive wedding and events venue. representing a rare opportunity to acquire a proven, income-producing business with tremendous real estate upside.
Owned and operated by the same family for more than 20 years, they continue to host weddings and events with minimal marketing or management effort. The sellers are retiring and offering the property primarily for its real estate value, with the option to purchase the business contents for a nominal amount—creating flexibility for a buyer to continue the operation as a venue or repurpose the property for another high-value use.
The property is strategically positioned along FM 646, which will be expanded to become part of Highway 99 (Grand Parkway)—one of the largest and most transformative transportation corridors in the Greater Houston region.
This infrastructure project is expected to dramatically increase long-term property value. Once complete, the Grand Parkway will connect League City directly to other fast-growing residential and commercial hubs across the South Houston area, making this corridor one of the most desirable in southeast Texas.
For qualified buyers, a Confidentiality Agreement is available upon request. Once executed, the full Offering Memorandum will be provided with detailed financials, site information, and supporting documentation on the Grand Parkway expansion.
Owned and operated by the same family for more than 20 years, they continue to host weddings and events with minimal marketing or management effort. The sellers are retiring and offering the property primarily for its real estate value, with the option to purchase the business contents for a nominal amount—creating flexibility for a buyer to continue the operation as a venue or repurpose the property for another high-value use.
The property is strategically positioned along FM 646, which will be expanded to become part of Highway 99 (Grand Parkway)—one of the largest and most transformative transportation corridors in the Greater Houston region.
This infrastructure project is expected to dramatically increase long-term property value. Once complete, the Grand Parkway will connect League City directly to other fast-growing residential and commercial hubs across the South Houston area, making this corridor one of the most desirable in southeast Texas.
For qualified buyers, a Confidentiality Agreement is available upon request. Once executed, the full Offering Memorandum will be provided with detailed financials, site information, and supporting documentation on the Grand Parkway expansion.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,450,000 | Building Class | B |
| Price Per SF | $193.33 | Lot Size | 2.50 AC |
| Sale Type | Investment or Owner User | Building Size | 7,500 SF |
| Cap Rate | 13.37% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1999/2020 |
| Property Subtype | Lodge/Meeting Hall | ||
| Zoning | Commercial | ||
| Price | $1,450,000 |
| Price Per SF | $193.33 |
| Sale Type | Investment or Owner User |
| Cap Rate | 13.37% |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | B |
| Lot Size | 2.50 AC |
| Building Size | 7,500 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2020 |
| Zoning | Commercial |
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PROPERTY TAXES
| Parcel Number | 0036-0023-0003-000 | Improvements Assessment | $811,950 (2025) |
| Land Assessment | $37,350 (2025) | Total Assessment | $849,300 (2025) |
PROPERTY TAXES
Parcel Number
0036-0023-0003-000
Land Assessment
$37,350 (2025)
Improvements Assessment
$811,950 (2025)
Total Assessment
$849,300 (2025)
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2550 FM 646 Rd E
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