Commercial or Residential Property 8 mins from Houston Downtown
Location:
2012 Harlem Street Houston TX 77020 (5000 sq.ft. Lot With 1449 sq.ft. Building) 2005, 2009 and 2011 Lockwood Dr. Houston TX 77020 (3 lots of 2500sq.ft. each). Building recently updated. Will consider splitting.
Description:
This property is located just few blocks North of I-10 and to the east of Highway 59/69). Very close to a number of major freeways and a stone's throw away from Downtown Houston. The location is very much inside Loop 610 with easy access to the I-45, I-10, I -59, Loop 610 and the central business district. Big brand names like Fiesta, Chase Bank, Walgreens, Mc Donald’s, Subway, Autozone etc. are few minutes’ walk away from the property!
This is also a fast growing area that has seen sharp price increase in last two years. One house down to this property is a newly built twin condo priced at ~500k and the lot across the street is going for much higher asking price.
Frontage:
150 sq.ft. on one of the busiest street in the area, Lockwood Dr. (3 lots) 50 sq.ft. on Harlem St. (Can be remodeled to get frontage on Lockwood, if leased/purchased with lot on 2009 Lockwood Dr.)
Great location for:
Building new condos or offices, Church, Insurance Agents, Tire Shop, Travel Agents, Passport Agency, Fitness Gym, Ticket Broker, Real Estate Office, Attorney Office, Accounting office, Physical Therapist, Retail Convenient Store, Bar, Grill, Wine Bar, Barber, Nail Salon, Dry Cleaners, Dog Grooming etc.
Lease/Sale Options:
This opportunity comes with several flexible options: purchase, purchase with owner financing or lease.
List Price: For Sale of 4 Lots (12500 sq.ft.) with 1440sq.ft. of Commercial Building. CAD Value of just the commercial building with its lot of 5000 sq.ft. is $68,000+
Market Value: $193,000
Deal Price: $149,000!!
Individual lots can be sold as well. Please call for price
Lease Options:
Building plus 1 Lot:
Building Lease with one parking lot in front that provides 50' frontage and entrance from the busier Lockwood Drive: $2495/month plus NNN. Lease price includes build out concession of $40,000 with long term lease commitment. Build out will include 20 plus car parking lot, new face lift to front elevation, new ACs, new doors, windows and paint. Built per new tenant needs.
Lot Lease Options:
- Empty Lot Lease $1000.00 per month per lot
- Empty Lot Lease $2500.00 per month for 3 Lots (2005, 2009 &
2011 Lockwood Dr.)
Demographics:
40% Hispanic / 40 % African American / 25% Anglo and Asian
Contact:
Sachin Kholamkar
806-392-3230