4202 Canal St - Freestanding FOR SALE


Houston, TX 77003- Second Ward
$1,199,999 USD
832-217-5593
4202 Canal St, Houston, TX for Sale
$1,199,999 USD
Freestanding - FOR SALE
1/8
null | 6.61% Cap Rate

4202 Canal St
Houston, TX 77003
Second Ward


HIGHLIGHTS

  • Fully Leased!
  • Stable tenants with over 3 years of tenancy
  • Centrally Located in Houston's East Downtown Area
  • Heavy Traffic count on Canal St.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,199,999 USD

PRICE/SF

$309 USD /SF

CAP RATE

6.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

Commercial

APN/PARCEL ID

0071260080007

ASK ABOUT THIS PROPERTY

Spencer IgweLPT Realty LLCMore Info
832-217-5593

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Spencer IgweLPT Realty LLCMore Info
832-217-5593

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.