20621 Westheimer PkwyKaty, TX 77450

Property Details for 20621 Westheimer Pkwy

Year built

2020

Construction

METAL FRAME

Lot size

0.52 AC

Property size (Sq ft)

4,584 SF

Property type

Sports & entertainment properties

APN

1198190010014

APU

1198190010014

Description

This exceptional 4,584 square foot mixed-use property, built in 2020, is located in Katy, Texas's thriving Cinco Ranch community at the intersection of Westheimer Parkway and Fry Road. The Class A building features a creative office and storefront space, currently 100% occupied by a dance studio under a five-year leaseback agreement. The two-story building boasts high-end finishes, a modern design, and an elevator, enhancing its appeal and versatility. The property includes 19 parking spaces and sits on a 22,730 square foot lot. The building's adaptable layout is suitable for various uses, including retail, flex space, or office. The current tenant's successful 15-year history provides a stable income stream with a Net Operating Income (NOI) of $120,000. The property's strategic location across from McMeans Junior High School ensures high visibility and foot traffic. This sale-leaseback opportunity offers immediate returns and a strong potential for future appreciation in a desirable Katy, Texas location. The property's features include a large open area with 24-foot ceilings and a second-level open room.

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.7374

Longitude

-95.7345

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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