For Sale
$399,000

2104 Cedar Dr La Marque, TX 77568

Turnkey Office, Warehouse, Ample Parking

Overview

Added:
Dec 11, 2024
Days on market:
134
This 6,349 sq ft La Marque, TX office building, built in 1960 and renovated in 2015, presents a compelling owner-user opportunity. Priced at $399,000 ($62.84/sq ft), it boasts a 16.24% pro-forma cap rate and a $64,800 pro-forma NOI. The property features approximately 3,400 sq ft of office space and 3,000 sq ft of warehouse space, ideal for various businesses. Office space includes seven offices (one executive, six standard), two conference rooms, a lobby, reception area, a large break area with two bathrooms and a kitchenette, and a storage room. The warehouse space offers flexibility for diverse needs. The 11,340 sq ft lot provides ample parking: six spaces upfront and room for at least thirty more within the gated lot, perfect for larger vehicles. The property is currently vacant and move-in ready. Owner financing is available. The estimated monthly rent is $5,400, based on $12/sq ft/year for office space and $8/sq ft/year for warehouse space. Interior walls are easily reconfigurable to suit a new owner's needs. This Class C property is situated at 2104 Cedar Dr, La Marque, TX 77568, in Galveston County.

Highlights

  • $399,000 asking price for a vacant, 6,349 SF Class C office building in La Marque, TX.
  • Owner financing available.
  • Features 7 offices (1 executive, 6 standard), 2 conference rooms, lobby, break area with kitchenette and 2 bathrooms, storage room, and a warehouse.
  • Approximately 3,400 SF of office space and 3,000 SF of warehouse space.
  • Fully fenced and gated lot with 6 parking spaces plus room for 30 more.
  • 16.24% pro-forma cap rate with $64,800 pro-forma NOI.

Property Details for 2104 Cedar Dr

Property type
Office properties, Office space
Square Feet
6,349 SF
Class
C
Year Built/Renovated
1960/2015
Buildings
1
Stories
1

Location Insight

City
La Marque
County
Galveston
State
Texas
Latitude
29.3686929
Longitude
-94.9754765

FAQs

What type of property is this?
Office property - Turnkey Office, Warehouse, Ample Parking
Where is the office property located?
The property is located at 2104 Cedar Dr La Marque, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: $399,000 asking price for a vacant, 6,349 SF Class C office building in La Marque, TX.; Owner financing available.; Features 7 offices (1 executive, 6 standard), 2 conference rooms, lobby, break area with kitchenette and 2 bathrooms, storage room, and a warehouse.
How can I contact the broker?
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2104 Cedar Dr
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