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7156 Lawndale St 2,705 SF Retail Building Houston, TX 77023 $475,000 ($175.60/SF) 7.33% Cap Rate
Investment Highlights
- Single tenant occupied. 5 year lease expires 2029
- 700+/- warehouse
- Fully Renovated 2024
Executive Summary
PRIME EAST END LOCATION
Located in one of Houston's fastest-growing redevelopment corridors, this income-producing property offers investors the opportunity to acquire a strategically positioned commercial asset near:
• Downtown Houston
• University of Houston
• Port Houston
• East River Development
PROPERTY INFORMATION
Address: 7156 Lawndale Street, Houston, TX 77023
Building Size: ± 2,705 SF
Lot Size: ± 7,320 SF
Occupancy: 100% Leased
Property Type: Retail / Office / Warehouse
Opportunity Zone: Yes
100% Occupied
± 2,705 SF Building
± 7,320 SF Lot
Freestanding Commercial Building
Retail • Office • Warehouse Flex Space
Opportunity Zone Location
High Visibility Frontage on Lawndale Street
Minutes from Downtown Houston
Easy Access to I-45, Loop 610 & Hwy 225
INVESTMENT FEATURES
Strong Traffic Exposure
Dedicated Parking
Flexible Floor Plan
Renovated Improvements
Immediate Cash Flow
Long-Term Appreciation Potential
Established Commercial Corridor
PROPERTY INFORMATION
Address: 7156 Lawndale Street, Houston, TX 77023
Building Size: ± 2,705 SF
Lot Size: ± 7,320 SF
Occupancy: 100% Leased
Property Type: Retail / Office / Warehouse
Opportunity Zone: Yes
CONTACT FOR PRICING & FINANCIALS
SHANEEL MITHA
Commercial Real Estate Advisor
281-772-8368
Contact for Offering Memorandum, Rent Roll & Financial Information
Located in one of Houston's fastest-growing redevelopment corridors, this income-producing property offers investors the opportunity to acquire a strategically positioned commercial asset near:
• Downtown Houston
• University of Houston
• Port Houston
• East River Development
PROPERTY INFORMATION
Address: 7156 Lawndale Street, Houston, TX 77023
Building Size: ± 2,705 SF
Lot Size: ± 7,320 SF
Occupancy: 100% Leased
Property Type: Retail / Office / Warehouse
Opportunity Zone: Yes
100% Occupied
± 2,705 SF Building
± 7,320 SF Lot
Freestanding Commercial Building
Retail • Office • Warehouse Flex Space
Opportunity Zone Location
High Visibility Frontage on Lawndale Street
Minutes from Downtown Houston
Easy Access to I-45, Loop 610 & Hwy 225
INVESTMENT FEATURES
Strong Traffic Exposure
Dedicated Parking
Flexible Floor Plan
Renovated Improvements
Immediate Cash Flow
Long-Term Appreciation Potential
Established Commercial Corridor
PROPERTY INFORMATION
Address: 7156 Lawndale Street, Houston, TX 77023
Building Size: ± 2,705 SF
Lot Size: ± 7,320 SF
Occupancy: 100% Leased
Property Type: Retail / Office / Warehouse
Opportunity Zone: Yes
CONTACT FOR PRICING & FINANCIALS
SHANEEL MITHA
Commercial Real Estate Advisor
281-772-8368
Contact for Offering Memorandum, Rent Roll & Financial Information
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,705 SF
Building Class
C
Year Built/Renovated
1931/2024
Price
$475,000
Price Per SF
$175.60
Cap Rate
7.33%
NOI
$34,824
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.17 AC
Zoning
Opportunity Zone
Parking
10 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
29’ on Lawndale Street
Amenities
- Bus Line
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0410300000085 | Improvements Assessment | $143,188 |
| Land Assessment | $124,095 | Total Assessment | $267,283 |
Property Taxes
Parcel Number
0410300000085
Land Assessment
$124,095
Improvements Assessment
$143,188
Total Assessment
$267,283
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7156 Lawndale St