Situated just minutes from Beltway 8 in the heart of Pasadena's industrial corridor, 2059 Magnolia Street presents an exceptional value-add owner/user investment opportunity in one of Southeast Houston's most active industrial submarkets. This multi-tenant, two-building complex totaling 17,000 SF sits on 64,904.4 (per HCAD) of fully fenced, unzoned industrial land with existing income-producing leases already in place — offering immediate cash flow with significant upside through lease-up of the available machine shop space. The facility features 3-phase heavy power and a clear span warehouse layout ideally suited for machine shop, light manufacturing, or warehouse/distribution operations. With stable tenants, an 18-foot clear height, grade-level loading doors, and a move-in ready condition, the property is a compelling play for both investors seeking NOI growth and owner/users looking to occupy a portion while offsetting costs with tenant income.