1310 Lorraine St
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1310 Lorraine St
4,066 SF 100% Leased Retail Building Houston, TX 77009 $450,000 ($111/SF)
Investment Highlights
- A Corner Lot on Lorraine St. and Chapman St., a 3 block artery to/from HARDY YARDS, the award winning, 350 Unit, Class A apartment Development
- It's well located to attract customers for any Retail Business, and is walking distance(.9 mi) to a multimodal Station to hop on light-rail or a bus.
- The building was incredibly well Built by Craftsmen in 1945 who incorporated great architectural features.
Executive Summary
The 'Montalbano Mansion' is versatile structure has been used as a single family home(originally built by the Montalbano Lumber family in 1945) , Commercial, and Mixed use Commercial/Multi-family.
The corner lot at Lorraine St. and Chapman St. is perfect for a Retail operation to take advantage, not only of the drive-by traffic but, the thousands of residents that live within a short walking distance from it's location. One vision might put a Coffee/Sandwich shop or Convenience store on the bottom floor and the upstairs is already laid out for office spaces, or restructure the space for a 2nd retail outlet or 1 or 2 luxury apartments. Please let me know how you envision reusing this Classic and well-built Building!
The corner lot at Lorraine St. and Chapman St. is perfect for a Retail operation to take advantage, not only of the drive-by traffic but, the thousands of residents that live within a short walking distance from it's location. One vision might put a Coffee/Sandwich shop or Convenience store on the bottom floor and the upstairs is already laid out for office spaces, or restructure the space for a 2nd retail outlet or 1 or 2 luxury apartments. Please let me know how you envision reusing this Classic and well-built Building!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,066 SF
Year Built
1945
Price
$450,000
Price Per SF
$111
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.50
Lot Size
0.18 AC
Opportunity Zone
Yes
Parking
10 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $263,758 | |
| Land Assessment | $292,933 | Total Assessment | $556,691 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$292,933
Improvements Assessment
$263,758
Total Assessment
$556,691
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1310 Lorraine St
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