2315 Commerce St Houston, TX 77002-2365

Property Details for 2315 Commerce St

Year built

1939

Construction

CONCRETE BLOCKS

Lot size

0.76 lot acres

Property size

17,000 SF

Property type

Warehouses

APN

371440000003

APU

371440000003

Description

This exceptional investment opportunity presents two adjacent buildings totaling 44,610 square feet on a 1.439-acre lot in Houston's vibrant EaDo district. The property, comprised of a one- and two-story building (2315 and 2327 Commerce Street), offers a mix of executive and creative office spaces, currently boasting 95% occupancy. Built between 1921 and 1939, and extensively renovated between 2015 and 2016, the buildings feature attractive loft-style spaces with exposed steel and wood, high ceilings (up to 17 feet), and 81 surface parking spaces. The property benefits from a prime location on a major thoroughfare, close to employment centers, entertainment, and residential development, including the East River master-planned project. The current Net Operating Income (NOI) is $816,538, yielding a 9.10% cap rate at an asking price of $8,950,000. The property is not located in a flood zone. This presents a compelling opportunity for investors seeking a high-performing asset in a rapidly growing area of Houston. The diverse tenant base includes office users, retail businesses, and creative firms, ensuring consistent rental income and growth potential. The historical significance of the buildings has been carefully preserved during the renovation process, resulting in unique and desirable spaces.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.3479

Latitude

29.7573

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments