20621 Westheimer Pkwy Katy, TX 77450

4,584 SF 0.52 ac lot Built 2020

Entity Owned 7-yr Hold ~ Est. High Equity

Property ID

US82-8316420

Contact for pricing 4,584 SF

20621 Westheimer Pkwy, Katy, TX 77450
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This exceptional 4,584 square foot mixed-use property, built in 2020, is located in Katy, Texas's thriving Cinco Ranch community at the intersection of Westheimer Parkway and Fry Road. The Class A building features a creative office and storefront space, currently 100% occupied by a dance studio under a five-year leaseback agreement. The two-story building boasts high-end finishes, a modern design, and an elevator, enhancing its appeal and versatility. The property includes 19 parking spaces and sits on a 22,730 square foot lot. The building's adaptable layout is suitable for various uses, including retail, flex space, or office. The current tenant's successful 15-year history provides a stable income stream with a Net Operating Income (NOI) of $120,000. The property's strategic location across from McMeans Junior High School ensures high visibility and foot traffic. This sale-leaseback opportunity offers immediate returns and a strong potential for future appreciation in a desirable Katy, Texas location. The property's features include a large open area with 24-foot ceilings and a second-level open room.