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1511 W 12th St 6,100 SF 65% Leased Office Building Houston, TX 77008 $4,606,536 CAD ($755.17 CAD/SF)
INVESTMENT HIGHLIGHTS
- Hard Corner With One Way Traffic on Durham/ Double Exposure per VPD
- Thriving Commercial Area, New Hotel Breaking Ground Nearby
EXECUTIVE SUMMARY
Boutique Office Space / Mixed Use Building in The Heights
Discover a rare opportunity to own a versatile boutique office building on a hard corner in the heart of Houston’s highly sought-after Heights neighborhood. This three-story, 6,000+ SF building offers an excellent combination of stable income and future upside potential.
The property currently features two established business tenants and one short-term rental unit generating steady returns. Additionally, the first-floor retail/service space is actively under construction and will soon be ready for lease—offering new ownership the chance to capture additional rental income or customize the space for an owner-user.
This location benefits from strong consumer traffic (8,000 VPD per TXDOT 2022 gives this property double exposure from one way traffic on Durham), excellent visibility, and a thriving mix of local shops, salons, restaurants, lifestyle services, and a new hotel (Reserve at Houston Heights) breaking ground a couple blocks away at 1311 N Shepherd Dr. Additionally, the City of Houston will be starting their second phase of improvements on Durham and Shepherd (eg widening sidewalks, landscaping, new street lights, etc.)
Buyer's Due Diligence: The buyer acknowledges and agrees that it is their sole responsibility to thoroughly investigate and assess all relevant information regarding the property listed for purchase. This includes, but is not limited to, conducting inspections, reviewing property records, verifying zoning and land use restrictions, assessing potential environmental concerns, and evaluating any other factors that may impact their decision to proceed with the purchase. The buyer understands that the seller and listing agent have provided information to the best of their knowledge, but make no representations or warranties regarding the accuracy or completeness of such information. It is strongly recommended that the buyer seeks professional advice and assistance during the due diligence process.
Discover a rare opportunity to own a versatile boutique office building on a hard corner in the heart of Houston’s highly sought-after Heights neighborhood. This three-story, 6,000+ SF building offers an excellent combination of stable income and future upside potential.
The property currently features two established business tenants and one short-term rental unit generating steady returns. Additionally, the first-floor retail/service space is actively under construction and will soon be ready for lease—offering new ownership the chance to capture additional rental income or customize the space for an owner-user.
This location benefits from strong consumer traffic (8,000 VPD per TXDOT 2022 gives this property double exposure from one way traffic on Durham), excellent visibility, and a thriving mix of local shops, salons, restaurants, lifestyle services, and a new hotel (Reserve at Houston Heights) breaking ground a couple blocks away at 1311 N Shepherd Dr. Additionally, the City of Houston will be starting their second phase of improvements on Durham and Shepherd (eg widening sidewalks, landscaping, new street lights, etc.)
Buyer's Due Diligence: The buyer acknowledges and agrees that it is their sole responsibility to thoroughly investigate and assess all relevant information regarding the property listed for purchase. This includes, but is not limited to, conducting inspections, reviewing property records, verifying zoning and land use restrictions, assessing potential environmental concerns, and evaluating any other factors that may impact their decision to proceed with the purchase. The buyer understands that the seller and listing agent have provided information to the best of their knowledge, but make no representations or warranties regarding the accuracy or completeness of such information. It is strongly recommended that the buyer seeks professional advice and assistance during the due diligence process.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
6,100 SF
Building Class
B
Year Built
2019
Price
$4,606,536 CAD
Price Per SF
$755.17 CAD
Percent Leased
65%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,033 SF
Building FAR
1.08
Lot Size
0.13 AC
Zoning
Commercial
Parking
13 Spaces (2.13 Spaces per 1,000 SF Leased)
AMENITIES
- Balcony
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Patcha Massage Spa
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Salon Eros
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Patcha Massage Spa | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Salon Eros | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 0582430020006 | Improvements Assessment | $1,827,068 CAD |
| Land Assessment | $810,812 CAD | Total Assessment | $2,637,880 CAD |
PROPERTY TAXES
Parcel Number
0582430020006
Land Assessment
$810,812 CAD
Improvements Assessment
$1,827,068 CAD
Total Assessment
$2,637,880 CAD
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1511 W 12th St
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