500 Lovett BlvdHouston, TX 77006

For Sale
Call for price

15,000 SF Office, Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 15,000-square-foot, two-story office building in Houston's vibrant Montrose neighborhood presents a unique redevelopment opportunity. Built in 1959 and recently renovated, this Class B, multi-tenant property boasts 15,676 total square feet on a generous 17,850-square-foot lot (APN: 0261350000020). Currently 75% occupied with long-term tenants, the building features iconic mid-century modern architecture, a serene atrium with a koi pond, updated lighting and HVAC systems, and gated parking with 26 spaces plus street parking. Additional revenue streams are generated by a cell tower and on-site garage. The property includes a covered break area and public restrooms on each floor. Abundant natural light enhances the open and airy feel. Its prime location offers easy access to downtown and the Ion business districts. This is an ideal investment for owner-users seeking a distinctive headquarters or for those looking to capitalize on the Montrose market's potential. The property's blend of modern amenities and unique features makes it a standout opportunity.

Highlights

  • 15,676 SF office building on a 17,850 SF lot in Houston, TX.
  • 15,000 SF net rentable, currently 75% occupied with long-term tenants.
  • Prime Montrose location, minutes from downtown and the Ion.
  • Two-story, Class B building, built in 1959, recently renovated.
  • Features include a koi pond atrium, updated HVAC and lighting, gated parking (26 spaces), and a cell tower with income potential.
  • Additional revenue streams from on-site garage.

Property Details for 500 Lovett Blvd

Property type
Other office properties, Office properties
Square Feet
15,676 SF
Class
B
Year Built
1959
Buildings
1
Stories
2
Units
10

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.743513962697
Longitude
-95.387498916693
500 Lovett Blvd, Houston, Texas

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500 Lovett Blvd
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