4202 Canal St 3,888 SF 100% Leased Retail Building Houston, TX 77003 $1,199,999 ($308.64/SF) 6.61% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased!
- Centrally Located in Houston's East Downtown Area
- Stable tenants with over 3 years of tenancy
- Heavy Traffic count on Canal St.
EXECUTIVE SUMMARY
Fully Leased! Secure a stable, income-producing asset in a high-demand location just 7 minutes from Downtown Houston. This fully renovated (2022) corner property offers 80% occupancy with tenants locked into 5-year leases (renewing 2029), ensuring reliable cash flow. The remaining 1,400 SF retail/office space presents immediate leasing potential, ideal for investors seeking upside. Comprehensive upgrades include new electrical, plumbing, and HVAC systems—all permitted and inspected by the City of Houston. Positioned in a 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.
Additionally, please note the five-unit property available for sale at the adjacent location of 5 Estelle St, Houston, TX 77003 (MLS listing #15078902). The seller is open to negotiating an attractive package price for both properties.
Additionally, please note the five-unit property available for sale at the adjacent location of 5 Estelle St, Houston, TX 77003 (MLS listing #15078902). The seller is open to negotiating an attractive package price for both properties.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,888 SF
Building Class
C
Year Built/Renovated
1948/2022
Price
$1,199,999
Price Per SF
$308.64
Cap Rate
6.61%
NOI
$79,340
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.81
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
Commercial - TIRZ 23 - Harrisburg Redevelopment Authority
Parking
3 Spaces (0.77 Spaces per 1,000 SF Leased)
Frontage
103’ on Canal Street
AMENITIES
- 24 Hour Access
- Corner Lot
- Security System
- Tenant Controlled HVAC
- Recessed Lighting
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Moonlight
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- The Shade Haus
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- The Station 9
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- The Toni Touch
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Moonlight | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| The Shade Haus | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| The Station 9 | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| The Toni Touch | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $925,838 (2023) | |
| Land Assessment | $397,017 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $528,821 (2023) | Tax Year | 2024 Payable 2024 |
