2120 Louisiana StHouston, TX 77002

Property Details for 2120 Louisiana St

Year built

1985

Construction

CONCRETE BLOCKS

Lot size

0.19 AC

Property size (Sq ft)

3,192 SF

Property type

Office properties

Property subtype

Office buildings

APN

152370000004

APU

152370000004

Description

This exceptional mixed-use property, located at 2120 Louisiana St, Houston, TX 77002, presents a compelling investment opportunity. The 2,152 square foot building, constructed in 1985, sits on an 8,125 square foot lot and is currently occupied by a Hertz Car Rental, a well-established and reputable tenant under a gross lease. The property's strategic location in the shadow of Downtown Houston, adjacent to I-45, offers significant advantages. The asking price is $1,250,000, translating to $580.86 per square foot. The single-story building offers potential for future development, with plans for office buildings in the area indicating strong growth prospects. This presents a rare chance to acquire a well-situated property with a reliable tenant and substantial upside potential in a rapidly developing part of Houston. The property features one building, and the lot size provides ample space for potential expansion or redevelopment. This is a single-tenancy property with a strong existing tenant. The property is zoned for mixed-use retail and auto shop uses.

• CAP approach

  CAP return

  Valuation

  6%

  $653,727

  6.5%

  $603,440

  7%

  $560,337

• Comparable approach

  Method

  Valuation

  Relative Method

  $471,807

  Geo Method

  $955,653

• Alternative Use

  Use

  Valuation

  Residential

  $748,266

  Hospitality

  $685,408

  Educational

  $570,251

  Medical

  $589,863

  Retail

  $887,057

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7501

Longitude

-95.3749

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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