1111 E 11th St 5,412 SF 100% Leased Retail Building Houston, TX 77009 £3,621,482 (£669.16/SF)
INVESTMENT HIGHLIGHTS
- Located in the Heart of the Heights
- Frontage on 11th Street just East of Studewood Street
- Ample On-Site Parking
EXECUTIVE SUMMARY
The property at 1111 East 11th Street offers a prime investment opportunity in the highly desirable Houston Heights neighborhood. This 5,412-square-foot building is situated on a 0.48-acre lot, providing ample parking for tenants and customers. The property is fully leased to two tenants, each secured with a 10-year primary lease term, ensuring long-term stability and predictable cash flow. Both leases include escalations, offering built-in rent increases over time.
Located in a vibrant, rapidly growing area, the property is surrounded by an abundance of retail, restaurants, and shopping centers, making it an attractive location for both tenants and customers. The Houston Heights neighborhood is known for its mix of historic charm and modern development, making this an excellent opportunity for investors seeking a stable and high-demand location.
Located in a vibrant, rapidly growing area, the property is surrounded by an abundance of retail, restaurants, and shopping centers, making it an attractive location for both tenants and customers. The Houston Heights neighborhood is known for its mix of historic charm and modern development, making this an excellent opportunity for investors seeking a stable and high-demand location.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,412 SF
Building Class
C
Year Built/Renovated
1935/2023
Price
£3,621,482
Price Per SF
£669.16
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.26
Lot Size
0.48 AC
Zoning
C2 - Commercial
Parking
40 Spaces (7.39 Spaces per 1,000 SF Leased)
Frontage
200 ft on E 11th
AMENITIES
- Corner Lot
- Restaurant
- Tenant Controlled Heating
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0621120020001 | Improvements Assessment | £221,863 |
| Land Assessment | £1,407,567 | Total Assessment | £1,629,430 |
