110 Broadway St La Porte, TX 77571
- Office buildings
- 5,670 SF
- 0.52 lot acres
Current Use by Public Records
- Office buildings
Property Details for 110 Broadway St
- Year built
- 1980
- Construction
- STEEL FRAME
- Lot size
- 0.52 lot acres
- Property size
- 5,670 SF
- Property type
- Office buildings
- APN
- 232560810001
- APU
- 232560810001
Description
This exceptional 5,040-square-foot free-standing office/retail complex in downtown La Porte, Texas, presents a compelling investment opportunity. Situated on a 0.52-acre lot with 34 parking spaces, this single-story, 1980-built building underwent renovations in 2018. Currently operating at 60% occupancy with three separate suites (approximately 1,000 sq ft each), it offers a flexible layout suitable for various professional uses. The property boasts a General Commercial (GC) zoning designation and is conveniently located near Highway 146/225, the Port of Houston, and the Houston Shipping Channel. The asking price is $799,000, representing a pro-forma cap rate of 7.57% and a pro-forma NOI of $60,480. The building is currently owner-occupied, with the owner intending to vacate, making it ideal for owner-users or investors. Lease terms are NNN, with a base rent of $12.00/SF/YR plus $6.00/SF/YR NNN. The property is in move-in-ready condition and features three distinct suites: Suite A (open floor plan with two offices, conference room, break room, and restroom)
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Porte
- County
- Harris
- State
- Texas
- Longitude
- -95.019
- Latitude
- 29.6665
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
