601 Cien, Kemah, TX, 77565 - Available for Sale

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Kemah Business Offices

601 Cien, Kemah, TX 77565

$1,525,000

17,135 SF | Office

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Price:
$1,525,000
Building Size:
17,135 SF
Price/SF:
$89
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
6%
Occupancy:
40%
No. Stories:
2
Building Class:
B
Tenancy:
Multiple
Listing ID
17413894
Last Updated
7 days ago

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Description

This bayside office complex is located in Kemah,TX and consists of two, separate office buildings. The first, is a two-story contemporary designed masonry building with tinted windows,an entry atrium,elevators, common areas and a coffee area and common conference room. The second building is a single-tenant building ideally suited towards businesses such as an insurance agency, karate, pilates or yoga studio, day care or dental/medical office& just to name a few!
The current average rental rate is $21.71. It is estimated that a rental rate of $ 23.92 is achievable in the current marketplace. This estimate is based on current, local economic indicators, area market competition and rate history for this property.

ns
north / south from Baytown to Galveston and has in excess of 50,000 vehicular traffic within a 24-hour period.

This available income-producing property is located in the resort/recreational waterfront community of Kemah,TX which is in North Galveston County. The property is one block east of SH146, a heavily-traveled major roadway that runs north / south from Baytown to Galveston and has in excess of 50,000 vehicular traffic within a 24-hour period.

Map of 601 Cien, Kemah, TX 77565 (Galveston County)

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More from:

Jerry Jones
Jerry Jones

Bay Area Realtor located in League City specializes in waterfront residential, commercial real estate and land.

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License #455077

Asking Price Index Trends for Kemah, TX Office For Sale

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$111+0.7%+1.9%
-
Metro
$118+3.4%-0.5%
-
County
$93+1.0%-2.9%

View Kemah Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 11/12/2011
Kemah Business Offices
  • Office
  • $1,525,000
  • 17,135 SF