
100% Occupied Mixed-Use | Additional Parcel Included
100% Occupied | Bonus 0.42 Acre Included | Opportunity Zone
Marketing description
322 Laurel Street presents a unique value-add investment opportunity in La Marque, Texas. This approximately 11,014-square-foot mixed-use property is currently 100% occupied by a church and funeral home, providing immediate income and stable occupancy.
The property generates approximately $73,200 in annual gross rental income and benefits from recent capital improvements, including roof, HVAC, and interior renovations. Current in-place rents are below market, creating an opportunity for future rent growth and increased value over time.
Included in the sale is an additional approximately 0.42-acre commercial parcel located across the street, providing potential for additional parking, future development, expansion, storage, or resale.
Located within an Opportunity Zone and zoned C-2 Restricted Commercial, the property offers flexibility for a variety of future uses while benefiting from convenient access to Interstate 45, Houston, Texas City, Galveston, and the surrounding Gulf Coast market.
The property was appraised at $1,155,000 in July 2025 and is being offered at $937,000. Buyers should independently verify all financial information, zoning, lease terms, acreage, development potential, and Opportunity Zone benefits.
Investment highlights
• Appraised at $1,155,000 (July 2025) • Offered at $937,000
• 100% occupied mixed-use investment property
• Current tenants include a church and funeral home
• Approximately $73,200 annual gross rental income
• Approximately $60,000 current NOI
• Opportunity Zone location
• Additional approximately 0.42-acre commercial parcel included in sale
• Recent roof, HVAC, and interior improvements
• C-2 Restricted Commercial zoning
• Approximately 11,014 SF building
• Below-market in-place rents provide future upside potential
• Appraised at $1,155,000 (July 2025)
• Convenient access to I-45, Houston, Texas City, and Galveston
• Potential uses include office, religious, professional services, medical, and community-oriented uses
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