6531 New York StHouston, TX 77021

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.