3420 Rusk StHouston, TX 77003

For Sale
$5,100,000

Houston, TX creative office complex. High NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 30,627 square foot, single-story creative office building situated on a full 1.435-acre block in Houston's vibrant EaDo District. Built in 1960 and extensively renovated in 2017, the Class B property boasts 87% occupancy and a strong net operating income (NOI) of $368,226. The asking price is $5,100,000, translating to $166.52 per square foot. The building features flexible workspaces ranging from 150 to 3,800 square feet, ideal for a variety of creative tenants, including office, retail, and art studio users. Ample surface parking is available, and the property benefits from excellent visibility and accessibility. Its strategic location within the rapidly developing EaDo District, known for its thriving arts community, entertainment venues, and residential growth, ensures strong tenant demand and potential for future rent increases. The property's full-block size also presents opportunities for future expansion or redevelopment. The professionally managed building and well-maintained common areas contribute to its overall appeal and strong financial performance. This is a compelling investment in a dynamic and growing Houston neighborhood.

Highlights

  • Prime East Houston/EaDo location, experiencing significant growth in residential and commercial development.
  • Renovated building ideal for creative office, retail, artist studios, or incubator spaces; features attractive common areas and ample parking.
  • High tenant demand and strong potential for rent growth.
  • Excellent street visibility and convenient access.
  • Professionally managed with well-maintained common areas.
  • Full-block site presents future development opportunities.

Property Details for 3420 Rusk St

Property type
Other retail properties, Other office properties
Square Feet
30,627 SF
Class
B
Year Built/Renovated
1960/2017
Buildings
1
Stories
1
Lot Size (sq. ft)
62,509 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.74563987868
Longitude
-95.342517338278
3420 Rusk St, Houston, Texas

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3420 Rusk St
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