This Office Property is no longer advertised on LoopNet.com.
505 W Fairmont Pky
La Porte, TX 77571
Maher Dental Plaza - La Porte, TX · Office Property For Sale
![505 W Fairmont Pky, La Porte, TX for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/ZJoQ5dBZxSKrkUyeKF34g9ZcuImsaZlW95X1LsIlIy4/110/505-W-Fairmont-Pky-La-Porte-TX-Building-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- Value Add Opportunity: With Varying Lease Terms and a WALT of Only 2.40 Years the Rent is Currently About 40-50% Below Market
- Current in Place Leases Have Strong Rental Increase Both on Annual Basis as Well as Edward Jones Having a Fair Market Value Option
- Additional 12,500 SF of Contiguous Land, Which Can Be Developed For Additional Income
- Location: This Property is Situated on One of La Porte's Main Retail Corridors Directly Across From La Porte City Hall
- Edward Jones & Maher Dental Have Been at This Site Since 1999
PROPERTY FACTS
Property Type
Office
Property Subtype
- Medical
- General Retail Storefront
- General Retail Supermarket
- General Retail Department Store
Building Size
6,808 SF
Building Class
C
Year Built
1983
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,808 SF
Building FAR
0.20
Lot Size
0.80 AC
Zoning
Light Commercial
Parking
40 Spaces (5.88 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Natural Light
LINKS
PROPERTY TAXES
Parcel Number | 0241860050001 | Improvements Assessment | $368,823 |
Land Assessment | $275,000 | Total Assessment | $643,823 |
Listing ID: 31087755
Date on Market: 2/29/2024
Last Updated:
Address: 505 W Fairmont Pky, La Porte, TX 77571
The Office Property at 505 W Fairmont Pky, La Porte, TX 77571 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.