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110 North Broadway Street La Porte, TX 77571

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For Sale
$699,000

Free-standing office/retail complex in downtown La Porte, Texas.

Type:OFC-BLDG, OFC-RET, MU
Property size:
5,040 SF
Added:
Jan 21, 2024
Days on Market:
810
Last Refresh:
Apr 3 at 4:59 am

Property Features for 110 North Broadway Street

General Information

Standard status
Active
Size
5,040 SF
Property subtype
OFC-BLDG, OFC-RET, MU

Building Details

Year Built
1980

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Listing Contact
Tim Larson
Tim Larson

Listing agent Tim Larson License #0695022, Texas

Listing office Keller Williams | Houston Memorial

Listing date Jan 21, 2024

Source Realnex

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams | Houston Memorial


Overview

La Porte Office/Retail Complex

This free-standing office/retail complex is located at 110 N Broadway in downtown La Porte, TX. The property is zoned General Commercial (GC) and is currently used as an office/retail complex. The building is suitable for a variety of professional uses, including office and retail. The location is near Hwy 146/225, the Port of Houston, the Houston Shipping Channel, and Bay Forest Golf Course, with many food options within walking distance. Unit A (1,000 SF) is leased to Re/Max Real Estate under a commercial lease from 01/01/2025 through 12/31/2026, with a base rent of $1,000/month plus $500/month NNN, totaling $1,550/month. Unit B (1,000 SF) is leased to Shipyard Logistics Company under a commercial lease from 04/25-04/26 for $1,000/month base rent plus $500/month NNN, totaling $1,500/month. Unit C (3,040 SF) is leased to a drug testing-related contractor under a commercial lease from 01/01/2025 through 12/31/2026 for $2,500/month gross lease, totaling $2,750/month. The total projected gross income is $5,500/month, or $69,600/year. Landlord expenses include a tax rate of 2.4475% ($541,390 assessed value in 2025, $13,250/year), Texas Windstorm Insurance of $5,971.00/year, building insurance of $4,716/year, and maintenance (landscaping) of $1,200.00/year, with miscellaneous expenses as needed, totaling $25,137. Tenants will pay all utility bills moving forward as of 01/2025. Historic utility bills (per seller) show electricity costs of approximately $200.00/month, water/sewer costs of $80.00/month, and internet costs of $105.00/month with AT&T. The NOI is $44,463, with a 6.4% CAP Rate.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Real Estate Agency Spa & Massage Center Garden Center Skin Care Clinic Department Store Electrical Service Electronics & Wireless Store Veterinary Clinic Travel Agency Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
La Porte
County
Harris
State
Texas
Longitude
-95.0483
Latitude
29.6785

FAQs

What type of property is this?
Mixed-use property - Free-standing office/retail complex in downtown La Porte, Texas.
Where is this mixed-use property located?
The property is located at 110 North Broadway Street La Porte, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 6.4% CAP Rate with $44,463 Net Operating Income (NOI).; Projected Gross Income of $69,600 per year.; Currently leased to three tenants: Re/Max Real Estate, Shipyard Logistics Company, and a Drug Testing related Contractor.
More about this property
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