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    421 Fannin St Houston, TX 77002

    For Lease
    $15 SF/Yr

    20,000 SF, Historic District, High Visibility

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional two-story, 20,000-square-foot retail and office building is situated in Houston's vibrant Historic District, between Prairie and Preston Streets. Boasting high visibility thanks to its framed windows, this Class B property offers multiple tenancies within a prime location. The building's exterior underwent a renovation in 2006. Its central location provides immediate access to major thoroughfares including I-69 East, I-45 South and West, and I-10 North, as well as convenient access to the METRORail system. The property sits on a 0.3-acre lot in Harris County, Texas, and is just moments away from key attractions and amenities such as Minute Maid Park, the George R. Brown Convention Center, Toyota Center, Jones Hall, the Harris County courts complex, numerous professional offices, and the University of Houston Downtown. This presents a unique opportunity for businesses seeking a prominent presence in the heart of Houston's original town center, offering unparalleled connectivity and proximity to a diverse range of services and attractions. The building's address is 421 Fannin, Houston, TX 77002.

    Property Features for 421 Fannin St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Class
    B
    Total Rate
    25000

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    1st Floor
    Size
    10,000 SF
    Rate per SF
    $21
    Space
    2nd Floor
    Size
    10,000 SF
    Rate per SF
    $15

    HighLights

    • High‑profile location near Harris County Courthouse.
    • Corner lot at Fannin St. and Prairie St. offers excellent visibility.
    • High traffic counts ensure strong exposure.
    • Convenient access to METRORail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Hair Salon Dental Office Restaurant Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3606304
    Latitude
    29.7603011

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    FAQs

    What type of property is this?
    Office Property Space - 20,000 SF, Historic District, High Visibility
    Where is this office property space located?
    The property is located at 421 Fannin St Houston, TX.
    What is the lease rate?
    The lease rate is $15-$21 SF/Yr.
    What are key features of this property?
    This property features: High-profile location near Harris County Courthouse.; Corner lot at Fannin St. and Prairie St. offers excellent visibility.; High traffic counts ensure strong exposure.
    Request Owner's contact information
    421 Fannin St Houston, TX 77002
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    Houston, TX 77002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 Fannin St Houston, TX 77002
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