4202 Canal St - Freestanding FOR SALE


Houston, TX 77003- Second Ward
$999,995 USD
832-217-5593
4202 Canal St, Houston, TX for Sale
$999,995 USD
Freestanding - FOR SALE
1/8
null | 7.93% Cap Rate

4202 Canal St
Houston, TX 77003
Second Ward


HIGHLIGHTS

  • 80% Leased! - Great cash flow!
  • Stable tenants with over 3 years of tenancy
  • Centrally Located in Houston's East Downtown Area
  • Heavy Traffic count on Canal St.

OVERVIEW

100% Leased! Great stabilized asset generating cash flow now! Secure a stable, income-producing asset in a high-demand location just 7 minutes from Downtown Houston. This fully renovated (2022) corner property offers 100% occupancy with tenants locked into long-term leases , ensuring reliable cash flow. Upgrades include all new electrical, plumbing, and HVAC systems, all permitted and inspected by the City of Houston. This property was taken down to the studs and everything is brand new (2022) with very little to no maintenance required. Vibrant area attracting young professionals and businesses, this prime corner lot combines modern infrastructure, strategic visibility, and proximity to urban amenities. Invest in a future-proof asset backed by Houston’s booming growth. Tons of activities nearby, walking trails, retail centers, coffee shops, all walkable. Call for more details!

FOR SALE DETAILS

PRICE

$999,995 USD

PRICE/SF

$257 USD /SF

CAP RATE

7.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

Commercial

APN/PARCEL ID

0071260080007

ASK ABOUT THIS PROPERTY

Spencer IgweLPT Realty LLCMore Info
832-217-5593

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Spencer IgweLPT Realty LLCMore Info
832-217-5593

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.