1111 Louisiana StHouston, TX 77002

Property Details for 1111 Louisiana St

Year built

1972

Construction

STEEL & CONCRETE

Lot size

1.43 AC

Property size (Sq ft)

4,132 SF

Property type

Office buildings

APN

12460000001

APU

12460000001

Description

Centerpoint Energy Tower, located at 1111 Louisiana Street in Houston, Texas, offers a prime retail space for lease. This Class A property, built in 1972, boasts a total of 1,162,204 square feet and currently has 2,491 square feet available for immediate occupancy. Situated in the heart of Harris County, with a 77002 zip code, this multiple-tenancy building provides excellent visibility and accessibility. The available space is ideal for a variety of retail uses. The building's impressive size and established presence in the Houston market offer a unique opportunity for businesses seeking a high-profile location. The space is described as newly built, although the building itself dates back to 1972, suggesting a recent renovation or significant upgrade to the available retail area. A fully furnished kitchen is included within the 2,491 square foot space, representing a significant advantage for food-related businesses or those requiring kitchen facilities. The property's location in a bustling area of Houston ensures high foot traffic and excellent exposure to potential customers. This is a rare opportunity to secure a well-appointed retail space in a highly desirable location. The minimal vacancy rate within the larger building speaks to its popularity and desirability among tenants. Interested parties are encouraged to inquire further to explore this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $959,072

  6.5%

  $885,298

  7%

  $822,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $610,748

  Geo Method

  $1,237,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,838,660

  Retail / Commercial

  $924,117

  Mixed-Use / Specialty

  $906,058

  Hospitality / Lodging

  $645,524

  Institutional / Educational

  $936,659

  Residential Income

  $1,095,890

  Multifamily

  $1,396,200

  Automotive / Energy

  $802,850

  Parking / Income-Based Land

  $291,641

  Restaurant / Food Service

  $439,738

  Healthcare / Senior Housing

  $944,287

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7571

Longitude

-95.368

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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