2327 Commerce St | Houston, TX 77002
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2327 Commerce St
Houston, TX 77002
Investment Opportunity · Office Property For Sale · 44,610 SF Total
Investment Highlights
- The properties are strategically located at a major entry point to East Houston and the EaDo District.
- The 2315 Commerce Building is occupied by numerous artists and creative groups that have found a facility providing the perfect place to collaborate
- The owner completely renovated both properties and maintained the historical significance of the property while restoring and updating the common area
- Both buildings have experienced consistent leasing activity over the years and maintain healthy occupancies and continued base rental growth.
Executive Summary
Colliers is pleased to exclusively present for sale to qualified investors the opportunity to acquire 100% fee simple interest in the 2315 & 2347 Commerce buildings located east of Downtown Houston. This neighborhood is a growing part of the city offering entertainment, dining, residential and commercial development. Major employment centers are located nearby as well as many of the city’s sports complexes. These properties are strategically located on Commerce Street which is a major corridor leading into East Houston and the EaDo District offering a prime location for office users, retail businesses, design firms, artists, and other creative workspaces.
• Stories: One (1) and two (2)
• Total RSF: ± 44,610 SF
• Land area: ± 1.4395 acres
• Construction: Masonry
• Not in a flood zone
• Tenancy: Office, retail, creative art
• Occupancy: 95%
• Parking: 81 surface parking spaces
• 2315 Commerce built: 1939 I Renovated: 2014-2016
• 2327 Commerce built: 1921 I Renovated: 2015-2016
• Net Operating Income: Current: $816,538 (2024) I Cap Rate 9.1%
• Stories: One (1) and two (2)
• Total RSF: ± 44,610 SF
• Land area: ± 1.4395 acres
• Construction: Masonry
• Not in a flood zone
• Tenancy: Office, retail, creative art
• Occupancy: 95%
• Parking: 81 surface parking spaces
• 2315 Commerce built: 1939 I Renovated: 2014-2016
• 2327 Commerce built: 1921 I Renovated: 2015-2016
• Net Operating Income: Current: $816,538 (2024) I Cap Rate 9.1%
PROPERTY FACTS
| Price / SF | $200.63 / SF | Number of Properties | 2 |
| Cap Rate | 9.12% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 44,610 SF |
| Status | Active | Total Land Area | 3.01 AC |
| Price / SF | $200.63 / SF |
| Cap Rate | 9.12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 44,610 SF |
| Total Land Area | 3.01 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2327 Commerce St, Houston, TX 77002 | Office | 27,737 SF | 1921 | - |
|
Art Square
2315 Commerce St, Houston, TX 77002 |
Office | 16,873 SF | 1939 | - |
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