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1200 National St 39,574 SF 50% Leased Industrial Building Houston, TX 77007 $4,590,000 ($115.99/SF)
Investment Highlights
- 39,574 SF Warehouse / 1.6 Acres
- Multiple Redevelopment Possibilities: Tear- Down or Rehab Existing Structure
- Easy Access to I10 and Downtown
- Prime Inner Loop Location just off Washington Ave. and Studemont St.
- Surrounded by New Development/Renovated Warehouses
Executive Summary
The 39,574 SF Howard Oil Company Seedhouse is one of Houston’s most distinctive industrial landmarks. Situated on 1.6 acres in the Inner Loop and conveniently located near Washington Avenue, Studemont Street, I-10 and Downtown Houston. The building is divided into 4 sections. Each section is separated from the others by a brick firewall, making it feasible to tear down a portion of the building to create additional parking while repurposing the remainder. The structure and framing are all long-leaf yellow pine, with a high salvage value. The building is a City of Houston Landmark, making it eligible for Historic Tax Exemptions for rehabilitation and repairs. It is not, however, a Protected Landmark, meaning demolition is still possible.
Property Facts
| Price | $4,590,000 | Rentable Building Area | 39,574 SF |
| Price Per SF | $115.99 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1912 |
| Property Type | Industrial | Parking Ratio | 0.86/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 35’ |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Lot Size | 1.61 AC | ||
| Zoning | none - Commercial | ||
| Price | $4,590,000 |
| Price Per SF | $115.99 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.61 AC |
| Rentable Building Area | 39,574 SF |
| No. Stories | 2 |
| Year Built | 1912 |
| Parking Ratio | 0.86/1,000 SF |
| Clear Ceiling Height | 35’ |
| No. Dock-High Doors/Loading | 4 |
| Zoning | none - Commercial |
Amenities
- Fenced Lot
Utilities
- Lighting - Fluorescent
- Water - City
- Sewer - City
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0401100000006 | Improvements Assessment | $175,035 |
| Land Assessment | $3,504,400 | Total Assessment | $3,679,435 |
Property Taxes
Parcel Number
0401100000006
Land Assessment
$3,504,400
Improvements Assessment
$175,035
Total Assessment
$3,679,435
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