Office
4949 W 34th St.
4949 W 34th St., Houston, TX 77092
Listing Price: $1,174,950
Investment Overview
4949 W 34th Street is being offered for sale, on behalf of the seller, as a covered land play for an income producing office asset in Houston’s near the northwest side. The asset is a proven model for steady cash flow for the current ownership for over 20 years.
The stabilized property is strategically located one (1) block east of the Northwest Freeway also known as Highway 290 (224,372 vehicles per day) along busy traffic artery known as 4949 W 34th Street (16,689 vehicles per day). The largest tenant, State of Texas, occupies ±73 percent of the building and has been an occupant for over 20 years. Furthermore, the tenant was recently renewed for another five (5) years. The balance of the building is occupied by a local insurance agency and church.
The ±1.486-acre (per HCAD) rectangular site would prove ideal for a future single tenant redevelopment retail location. The immediate area is surrounded by nationally known quick service restaurant chains including Taco Bell, Chipotle, and Sonic. There are also LaQuinta Inn & Suites, Starbucks, Bank of America, Wells Fargo, and a +167,000 square feet multi-tenant shopping center in the immediate area. The site is prime for future retail redevelopment.
4949 W 34th St.
Investment Highlights
- Stabilized Income Producing Office Asset (99.10 percent Occupied)
- One (1) Block from Northwest Freeway also known as Highway 290
- SEC Location at W 49th Street and Kingswood Lane
- Three (3) Access Points (Two on W 34th Street and One on Kingswood Lane)
- Ideally Positioned Within One Block of a Major Freeway Known as Highway 290, with an Average Daily Traffic Count of 224,372 Vehicles per Day
- Retail Redevelopment Covered Land Play with Strong Income Stream from 20+ Year Tenancy by State of Texas
- Retailers Starbucks, Bank of America, Wells Fargo, WSS, T-Mobile, Chipotle, and Taco Bell within one (1) Block
Exclusively Listed By
Financing By
Listing Price: $1,174,950
Investment Highlights
- Stabilized Income Producing Office Asset (99.10 percent Occupied)
- One (1) Block from Northwest Freeway also known as Highway 290
- SEC Location at W 49th Street and Kingswood Lane
- Three (3) Access Points (Two on W 34th Street and One on Kingswood Lane)
- Ideally Positioned Within One Block of a Major Freeway Known as Highway 290, with an Average Daily Traffic Count of 224,372 Vehicles per Day
- Retail Redevelopment Covered Land Play with Strong Income Stream from 20+ Year Tenancy by State of Texas
- Retailers Starbucks, Bank of America, Wells Fargo, WSS, T-Mobile, Chipotle, and Taco Bell within one (1) Block
Investment Overview
4949 W 34th Street is being offered for sale, on behalf of the seller, as a covered land play for an income producing office asset in Houston’s near the northwest side. The asset is a proven model for steady cash flow for the current ownership for over 20 years. The stabilized property is strategically located one (1) block east of the Northwest Freeway also known as Highway 290 (224,372 vehicles per day) along busy traffic artery known as 4949 W 34th Street (16,689 vehicles per day). The largest tenant, State of Texas, occupies ±73 percent of the building and has been an occupant for over 20 years. Furthermore, the tenant was recently renewed for another five (5) years. The balance of the building is occupied by a local insurance agency and church. The ±1.486-acre (per HCAD) rectangular site would prove ideal for a future single tenant redevelopment retail location. The immediate area is surrounded by nationally known quick service restaurant chains including Taco Bell, Chipotle, and Sonic. There are also LaQuinta Inn & Suites, Starbucks, Bank of America, Wells Fargo, and a +167,000 square feet multi-tenant shopping center in the immediate area. The site is prime for future retail redevelopment.
Exclusively Listed By
Financing By
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