Owner Financing Available 3221 Fannin St
5,040 SF 100% Leased Office Building Houston, TX 77004 $1,000,000 ($198/SF)
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INVESTMENT HIGHLIGHTS
- On Busy street of Fannin
- Great for Restaurant, Optometry , Specialized Dentistry, or Medical office
- Corner Lot
- High appreciation with current on-going construction projects
EXECUTIVE SUMMARY
Prime Commercial Property with Owner Financing Available
This versatile 2-story building, located on a highly visible corner lot at Fannin Street, offers 5,040 square feet of total space on a 5,000-square-foot lot. With its prime location near downtown and newly constructed high-rise apartments, this property presents an excellent investment opportunity. Ideal for various uses, including a restaurant conversion, medical office, optometry clinic, or specialized dentistry practice, the building also features a second floor that can be utilized as a living space. The area is seeing substantial growth and development, ensuring strong potential for appreciation as nearby construction continues. Don't miss out on this opportunity to secure a high-traffic location with flexible owner financing options. Whether you're expanding your business or looking for a high-potential investment, this property offers endless possibilities.
OWNER FINANCING 4.75% with 20% DOWN
5-Year Balloon
Available parking: 7 spaces.
2 front (street parking)
3 sides (street parking, after construction completion)
2 back (on-property parking)
Retail parking lot across Fannin St.
This versatile 2-story building, located on a highly visible corner lot at Fannin Street, offers 5,040 square feet of total space on a 5,000-square-foot lot. With its prime location near downtown and newly constructed high-rise apartments, this property presents an excellent investment opportunity. Ideal for various uses, including a restaurant conversion, medical office, optometry clinic, or specialized dentistry practice, the building also features a second floor that can be utilized as a living space. The area is seeing substantial growth and development, ensuring strong potential for appreciation as nearby construction continues. Don't miss out on this opportunity to secure a high-traffic location with flexible owner financing options. Whether you're expanding your business or looking for a high-potential investment, this property offers endless possibilities.
OWNER FINANCING 4.75% with 20% DOWN
5-Year Balloon
Available parking: 7 spaces.
2 front (street parking)
3 sides (street parking, after construction completion)
2 back (on-property parking)
Retail parking lot across Fannin St.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,040 SF
Building Class
C
Year Built
1948
Price
$1,000,000
Price Per SF
$198
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
2,750 SF
Building FAR
1.05
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
commercial - no zoning
Parking
7 Spaces (1.27 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
Parcel Number | 0191930000006 | Improvements Assessment | $171,868 |
Land Assessment | $375,000 | Total Assessment | $546,868 |