The Galena Park Event Center offers an investment opportunity in the heart of Galena Park, Texas, with a total of 14,850 sq. ft. of versatile space spread across two stories. Located just 12 minutes from downtown Houston, this property is ideal for both retail and event center uses, attracting a range of tenants and customers from the surrounding area. The building features four distinct event halls, capable of accommodating both intimate gatherings and large-scale events such as weddings, graduations, and parties. With a flexible design and modern amenities, the Event Center generates steady monthly cash flows.
Significant renovations have been made, including the installation of new HVAC systems and a new roof in 2022, ensuring long-term durability and minimal maintenance. The steel-frame structure features an exterior that was updated with a three-layer design: cinderblock interior, masonry middle, and a stucco exterior. This solid construction provides a sturdy foundation for any future tenants or events. The building also includes separate utilities for each unit, making it highly adaptable to different uses. The building’s zoning is not strictly defined, but its location in an active, urban area offers multiple opportunities for redevelopment or new business ventures.
In addition to the Event Center, the building houses several commercial spaces, both vacant and occupied, offering substantial rental income potential. The existing tenants on N Main St currently provide stable cash flow, with $1,750 in monthly rent. The vacant spaces, including those at 1809 Clinton St, 18011 Clinton St, and 100 N Main St, have rental histories ranging from $1,250 to $3,000 per month, making them prime for leasing or reimagining. The property comes with a set of commercial-grade tables and chairs, as well as a new commercial refrigerator, making it fully ready for operations, especially for any new events. The current setup and low operational costs, including affordable taxes and insurance, make this property a valuable investment in a growing area.