23801 Cypresswood Dr Spring, TX 77373

Property Details for 23801 Cypresswood Dr

Year built

2020

Construction

STEEL FRAME

Lot size

5.00 lot acres

Property size

2,000 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

421250000524

APU

421250000524

Description

This exceptional 17,600 square foot commercial property, located at 23801 Cypresswood Drive in Spring, Texas (Harris County, zip code 77373), presents a compelling investment opportunity. The 5-acre site boasts eight single-story buildings constructed between 2020 and 2024, featuring a diverse mix of uses including retail, industrial, and self-storage. Currently operating at 85% occupancy (as of October 8, 2024), the complex comprises 119 units, including eight mini office/retail spaces, a 10,000 square foot self-storage facility, and a newly built 5,600 square foot multi-use building with 11 office/warehouse units. The property offers ample parking with 68 spaces, accommodating trucks and RVs. The 12-foot ceiling height in the warehouse spaces adds to its versatility. Approved plans exist for an additional 30,000 square feet of development, providing significant expansion potential. This Class B property, situated just 15 minutes from George Bush Intercontinental Airport and across from Planet Ford Stadium, benefits from its location in one of Greater Houston's fastest-growing areas, ensuring high demand and strong tenant retention. The property's diverse revenue streams from office, retail, self-storage, and parking make it an attractive, stabilized investment. The APN is 1217800010001. The property is owned by Sekson Inc. and is being offered for sale by owner.

Location Insight

City

Spring

County

Harris

State

Texas

Longitude

-95.3556

Latitude

30.0553

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments