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1310 Lorraine St 4,066 SF 100% Leased Retail Building Houston, TX 77009 $450,000 ($110.67/SF)
INVESTMENT HIGHLIGHTS
- A Corner Lot on Lorraine St. and Chapman St., a 3 block artery to/from HARDY YARDS, the award winning, 350 Unit, Class A apartment Development
- It's well located to attract customers for any Retail Business, and is walking distance(.9 mi) to a multimodal Station to hop on light-rail or a bus.
- The building was incredibly well Built by Craftsmen in 1945 who incorporated great architectural features.
EXECUTIVE SUMMARY
The 'Montalbano Mansion' is versatile structure has been used as a single family home(originally built by the Montalbano Lumber family in 1945) , Commercial, and Mixed use Commercial/Multi-family.
The corner lot at Lorraine St. and Chapman St. is perfect for a Retail operation to take advantage, not only of the drive-by traffic but, the thousands of residents that live within a short walking distance from it's location. One vision might put a Coffee/Sandwich shop or Convenience store on the bottom floor and the upstairs is already laid out for office spaces, or restructure the space for a 2nd retail outlet or 1 or 2 luxury apartments. Please let me know how you envision reusing this Classic and well-built Structure!
The corner lot at Lorraine St. and Chapman St. is perfect for a Retail operation to take advantage, not only of the drive-by traffic but, the thousands of residents that live within a short walking distance from it's location. One vision might put a Coffee/Sandwich shop or Convenience store on the bottom floor and the upstairs is already laid out for office spaces, or restructure the space for a 2nd retail outlet or 1 or 2 luxury apartments. Please let me know how you envision reusing this Classic and well-built Structure!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,066 SF
Year Built
1945
Price
$450,000
Price Per SF
$110.67
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.50
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
N/A - N/A
Parking
10 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Air Conditioning
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $257,328 | |
| Land Assessment | $305,138 | Total Assessment | $562,466 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$305,138
Improvements Assessment
$257,328
Total Assessment
$562,466
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1310 Lorraine St
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