6531 New York StHouston, TX 77021

For Sale
$290,000

3,600 SF Flex Warehouse, High Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This 3,600 square foot flex warehouse, located at 6531 New York St, Houston, TX 77021, presents a compelling redevelopment opportunity. Situated on a 10,200 square foot lot in Harris County, this single-story, 1960-built Class C industrial property offers significant upside. Currently leased month-to-month for $1,000 per month to a metal worker since 2015, providing immediate cash flow. The building features approximately 10-foot eave height and 15-foot clear height at the peak. The asking price is $290,000, representing a price per square foot of $80.56 and a 2.67% cap rate based on a current NOI of $7,746. The property is 100% occupied, with the lease expiring November 30, 2024. The property is suitable for multi-tenant or single-tenant use. Owner financing is available at market rate interest. The location is experiencing significant redevelopment, with new construction underway. Note: No showings without an accepted offer. APN: 0581350000009.

Highlights

  • 3,600 SF flex warehouse on a 10,200 SF lot in Houston, TX.
  • 1960-built, Class C industrial property with 10' eave height and 15' peak clear height.
  • Currently leased month-to-month for $1,000/month, generating $7,746 NOI.
  • Asking price: $290,000 ($80.56/SF, 2.67% cap rate).
  • 100% occupied, lease expires November 30, 2024; suitable for single or multi-tenant use.
  • Owner financing available.

Property Details for 6531 New York St

Property type
Other warehouses, Other industrial properties
Square Feet
3,600 SF
Class
C
Year Built
1960
Buildings
1
Stories
1

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.692441591097
Longitude
-95.350605514629
6531 New York St, Houston, Texas

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6531 New York St
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