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500 S Velasco St 2,255 SF Retail Building Angleton, TX 77515 $420,000 ($186.25/SF)
INVESTMENT HIGHLIGHTS
- -Great Location near HWY 274 and SH 288
- -Households: 8,599
- -Daytime Employees: 10,904
- -Population: 23,401
- -Median Household Income: $71,146
EXECUTIVE SUMMARY
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
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
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
2,255 SF
Building Class
C
Year Built
1967
Price
$420,000
Price Per SF
$186.25
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.09 AC
AMENITIES
- Corner Lot
- Restaurant
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2290-0017-000 | Improvements Assessment | $233,720 |
| Land Assessment | $155,020 | Total Assessment | $388,740 |
PROPERTY TAXES
Parcel Number
2290-0017-000
Land Assessment
$155,020
Improvements Assessment
$233,720
Total Assessment
$388,740
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500 S Velasco St
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