$2,475,000

2302 Main St Waller, TX 77484

Estimated payment $13,778/month

Total Views 2,881
0.58 Acre
$4,267,241 Price per Acre
25,265 Sq Ft Lot

About This Lot

Prime Multi-Purpose Property in Downtown Waller - Near City Hall & City Park.

This exceptional 11,250 SF building, built in 1935 and recently refurbished offers a rare opportunity to invest in a prime location in the heart of Waller. Situated just steps from City Hall and the City Park, this property benefits from both foot traffic and a vibrant community atmosphere. The building is currently 2/3 leased, with two established tenants: a gym and a hair salon occupying all but 3,800 SF. The remaining 3,800 SF located on the north end of the building offers flexibility for various uses.

In addition to the 11,250 SF building, the property includes nearly two full lots, totaling 12,426 SF, providing significant room for future development or expansion. This offers investors an immediate cash flow from the existing tenants while also presenting long-term potential for growth in a rapidly expanding area.

Waller is experiencing significant growth, with a small-town charm that is attracting major commercial and residential developments. The location offers convenient access to Highway 290, the Grand Parkway, FM 2920, and FM 362, making it easy to reach the greater Houston area.

Key Features:

* 11,250 SF building with recent refurbishments
* 2/3 leased with established tenants: Gym and Hair Salon
* 3,800 SF available for lease
* 12,426 SF of additional land for future development/expansion
* Prime location in downtown Waller, near City Hall and City Park
* High-growth area with commercial and residential developments booming
* Excellent access to Hwy 290, Grand Parkway, FM 2920, and FM 362
* Ideal for investors seeking immediate cash flow with expansion opportunities

This property offers an attractive combination of steady rental income and the potential for future growth. Whether you're an investor or a business owner looking for a property with ample space for operation and expansion, this opportunity is one not to be missed.

Listing Agent

Waller Company

Waller County Land Company License #315435 Listed on: 09/12/2023

Listing Provided By

Property Details

Property Type

  • Land

Lot Details

  • Chain Link Fence
  • Corner Lot
  • Current uses include commercial
  • Potential uses include commercial

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Office Phone: 936-508-2158
  • Listing Website: https://www.land.com/property/0.58-acre-in-waller-county-texas/18238602/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Potential Use: Commercial
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Exterior Features

  • Road Description: Asphalt, City
  • Fencing: Chain Link

Lot Info

  • Current Use: Commercial
  • Lot Description: Corner

Multi Family

  • Utilities Available: City Sewer, City Water

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,189 $2,585,940 $120,770 $2,465,170
2024 $10,189 $904,590 $120,770 $783,820
2023 $10,189 $576,310 $120,770 $455,540
2022 $9,748 $542,230 $108,170 $434,060
2021 $11,933 $462,020 $86,970 $375,050
2020 $10,913 $413,870 $86,970 $326,900
2019 $7,059 $259,160 $86,970 $172,190
2018 $6,750 $256,930 $84,740 $172,190
2017 $6,923 $256,930 $84,740 $172,190
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2023 09/12/23 For Sale $2,475,000 -- --

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- Stewart Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $230,000 Commercial
Source: Public Records