For Sale
$799,000

110 Broadway StLa Porte, TX 77571

Downtown La Porte, TX - 5,040 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 5,040-square-foot free-standing office/retail complex in downtown La Porte, Texas, presents a compelling investment opportunity. Situated on a 0.52-acre lot with 34 parking spaces, this single-story, 1980-built building underwent renovations in 2018. Currently operating at 60% occupancy with three separate suites (approximately 1,000 sq ft each), it offers a flexible layout suitable for various professional uses. The property boasts a General Commercial (GC) zoning designation and is conveniently located near Highway 146/225, the Port of Houston, and the Houston Shipping Channel. The asking price is $799,000, representing a pro-forma cap rate of 7.57% and a pro-forma NOI of $60,480. The building is currently owner-occupied, with the owner intending to vacate, making it ideal for owner-users or investors. Lease terms are NNN, with a base rent of $12.00/SF/YR plus $6.00/SF/YR NNN. The property is in move-in-ready condition and features three distinct suites: Suite A (open floor plan with two offices, conference room, break room, and restroom)

Highlights

  • Free-standing office/retail complex in La Porte, TX, ideal for diverse professional uses.
  • Suite A: Two offices, conference room, break room, and restroom.
  • Suite B: Four offices, restroom, and conference/work area.
  • Suite C: Three offices, conference room, storage room, printer/copier, and kitchenette access.
  • Ample on-site parking.
  • Convenient access to Hwy 146/225, I-10, Port of Houston, and downtown La Porte.

Property Details for 110 Broadway St

Property type
Retail properties, Office properties
Square Feet
1,000 SF
Class
B
Year Built/Renovated
1980/2018
Buildings
1
Stories
1
Lot Size (sq. ft)
22,651 SF
Units
3

Location Insight

City
La Porte
County
Harris
State
Texas
Latitude
29.6665658
Longitude
-95.0189569
110 Broadway St, La Porte, Texas

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110 Broadway St
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