632 Northew StHouston, TX 77091

For Sale
$2,366,125

20,575 SF Warehouse, High NOI Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This Houston, Texas industrial property presents a compelling owner-user or investment opportunity. Located at 632 Northew St, in Harris County, zip code 77091, this Class C warehouse boasts a total of 20,575 square feet of space, spread across three buildings. Building A offers 5,891 square feet of combined office and warehouse space, while Building B provides 4,684 square feet of dedicated warehouse area. Building C, a 10,000 square foot office space, is currently leased. The property sits on a 1.17-acre lot and features an 18-foot ceiling height. Built in 1996, this multi-tenant property is offered at $2,366,125, translating to $115 per square foot. The lease type is Absolute NNN. Its strategic location provides quick access to major thoroughfares including I-45, SH 249, and the Hardy Toll Road, enhancing its appeal and accessibility. At 25% occupancy, the property generates a net operating income (NOI) of $55,000. This presents significant upside potential for investors seeking to increase occupancy and maximize returns.

Highlights

  • $2,366,125 asking price for this Houston, TX industrial property.
  • 20,575 square foot Class C warehouse on a 1.17-acre lot.
  • Absolute NNN lease type with multi-tenant occupancy.
  • $115 per square foot price.
  • Built in 1996 with 18-foot ceilings.

Property Details for 632 Northew St

Property type
Other warehouses, Other industrial properties
Square Feet
20,575 SF
Class
C
Year Built
1996
Lot Size (sq. ft)
50,965 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.850992125217
Longitude
-95.410899488188
632 Northew St, Houston, Texas

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632 Northew St
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