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23874 Loop 494 9,125 SF Retail Building Porter, TX 77365 $6,198,750 CAD ($679.32 CAD/SF)
Investment Highlights
- Unlock the potential of this high-visibility property located at 23874 Loop 494 , offering exceptional exposure and easy access to Highway 59.
Executive Summary
Situated on a well-trafficked and highly visible stretch of Loop 494, this ±9,125 SF retail property sits on an expansive ±4.79-acre site in the heart of Porter, TX. Currently operating as a multi-tenant retail asset, the property offers immediate income potential with multiple revenue streams already in place.
The site’s generous acreage and flexible layout provide a compelling value-add opportunity for investors and developers. Additional upside exists through lease-up of currently vacant space, potential rent adjustments, and future expansion or redevelopment of underutilized areas. Upon stabilization, the property presents a meaningful increase in overall income and long-term return.
Strategically located less than two miles from US-59 (I-69) and the Grand Parkway (TX-99), the property benefits from strong regional connectivity and accessibility. The surrounding area continues to experience significant growth, supported by ongoing residential development and proximity to major national retailers such as Walmart, The Home Depot, and Walgreens.
Opportunities of this scale along Loop 494 are increasingly limited, particularly those combining acreage, existing improvements, and income potential. This property represents a rare offering in a high-demand corridor with continued commercial expansion.
Financials and rent roll available upon request.
The site’s generous acreage and flexible layout provide a compelling value-add opportunity for investors and developers. Additional upside exists through lease-up of currently vacant space, potential rent adjustments, and future expansion or redevelopment of underutilized areas. Upon stabilization, the property presents a meaningful increase in overall income and long-term return.
Strategically located less than two miles from US-59 (I-69) and the Grand Parkway (TX-99), the property benefits from strong regional connectivity and accessibility. The surrounding area continues to experience significant growth, supported by ongoing residential development and proximity to major national retailers such as Walmart, The Home Depot, and Walgreens.
Opportunities of this scale along Loop 494 are increasingly limited, particularly those combining acreage, existing improvements, and income potential. This property represents a rare offering in a high-demand corridor with continued commercial expansion.
Financials and rent roll available upon request.
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- Market Information
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,125 SF
Building Class
C
Year Built
1977
Price
$6,198,750 CAD
Price Per SF
$679.32 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
4.79 AC
Zoning
No Zoning - Flexible use; subject to county regs, permits & any deed restrictions. Buyer to verify intended use.
Parking
30 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
212’ on Loop 494
Amenities
- Signage
- Storage Space
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0104-00-00810 | Improvements Assessment | $347,836 CAD |
| Land Assessment | $378,780 CAD | Total Assessment | $726,616 CAD |
Property Taxes
Parcel Number
0104-00-00810
Land Assessment
$378,780 CAD
Improvements Assessment
$347,836 CAD
Total Assessment
$726,616 CAD
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23874 Loop 494
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