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505 W Fairmont Pky
La Porte, TX 77571

Maher Dental Plaza - La Porte, TX · Office Property For Sale

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
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

PROPERTY TAXES

  • Listing ID: 31087755

  • Date on Market: 2/29/2024

  • Last Updated:

  • Address: 505 W Fairmont Pky, La Porte, TX 77571