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Luxury Flex Space 1718-1726 W 23rd St

21,700 SF 43% Leased Flex Building Houston, TX 77008 $8,217,378 CAD ($379 CAD/SF)

Investment Highlights

  • Inner Loop & Prime Heights Location.
  • Each unit offers spacious warehouse showroom, multiple offices, kitchen area & bathrooms.
  • Owner occupied with partial rental income or investment in whole.
  • 20,400 SF grand space & split into 4 individual untis.
  • Offers tremendous potential for versatile business concepts.
  • High traffic count. Surrounded by dining, shopping and entertaining.

Executive Summary

Located in the prime Inner Loop location of the Heights, this 21,700 square foot industrial flex property sits on a 0.75-acre lot. Surrounded by restaurants, shops, luxury residential living, and Heights Memorial Hospital, this industrial luxury property offers two separate buildings with a parking ratio of 0.21/1000 SF: 1718 A & 1718 B, and 1720 & 1726, totaling four grand individual spaces.
This property offers versatile opportunities for owner occupancy with partial rental income or an investment in whole. It can serve a variety of functions, such as an event and catering center or an industrial workshop and showrooms. The buildings are equipped with numerous private offices, kitchen areas, showrooms, industrial work areas, and restrooms, making it suitable for a range of business needs. Detailed description as below:
1718 A:
4,050 SF. of space: 45 X 90.
Warehouse Rollup Door Information:
The overhead Door is 14 X 14
Grade Level.
Mechanically operated by chain.
The overhead door is Insulated.
Office Areas:
Office #1 - Reception Office:12 X 15
Office #2 - General Office: 12 X 15
Storage Over Office Areas - Storage
Decked with 3/4" Plywood
12 X 2 Beams on 16" Centers
Ladder access only, no stairs, No railing.
Restrooms:
There are two restrooms.
Both are on the1st floor.
Restrooms closet has drain in center
Could be converted into shower area.
Air-condition:
The entire rental space is Insulated.
Two Air-conditioning Systems.
AC Zone 1 is the Warehouse Areas.
AC Zone 2 is the Office Areas.
Special Notes:
200 AMP / 214 Volt 3 Phase Power.
20 Foot Roof Height.
1718 B:
4,650SF of space: 45 X 90.
Warehouse Rollup Door Information:
The overhead Door is 14 X 14
Grade Level.
Mechanically operated by chain.
The overhead door is Insulated.
Office Areas:
Office #1 - Reception Office:12 X 15
Office #2 - General Office:12 X 15
Storage Over Office Areas - Storage
Decked with 3/4" Plywood
12 X 2 Beams on 16" Centers
Stairway leading up to storage over office.
Full railing around upper level.
Restrooms:
There are two restrooms.
Both are on the1st floor.
Restroom’s closet has drain in center.
Could be converted into shower place.
Air-condition:
The entire rental space is Insulated.
Two Air-conditioning Systems.
AC Zone 1 is the Warehouse Areas.
AC Zone 2 is the Office Areas.
Special Notes:
200 AMP / 214 Volt 3 Phase Power
20 Foot Roof Height

1720:
10,000 SF of space: 60 X 40.
Warehouse Rollup Door Information:
Overhead Door #1 is 10 X 14
Overhead Door #2 is 10 X 14
Both are Grade Level
Both are mechanically operated by chain.
Both are Insulated.
Office Areas:
Office #1 - Reception Office:12 X 15
Office #2 - General Office: 12 X 15
Office #3 - Management Office:12 X 15
Storage Over Office Areas - Storage
Decked with 3/4" Plywood
12 X 2 Beams on 16" Centers
Ladder access only, no stairs, No railing.
Production Room / Paint Booth:
Production Room / Storage 17 X 28
Production room has 8 X 10 Rollup door into warehouse area.
Paint Booth Style Lighting around the room.
Restrooms:
There are two restrooms, Men’s & Women’s.
Both on the1st floor.
Men’s restroom offers a shower place.
Storage Over Production Room. Above the Restrooms:
Decked with 3/4" Plywood
12 X 2 Beams on 16" Centers
Extra wide stairway access to storage.
Fully enclose with railing.
Kitchen:
The kitchen area is open to the warehouse.
With full kitchen counter and sink.
With Plenty of cabinet storage space.
Air-condition:
The entire rental space is Insulated
Two Air-conditioning Systems.
AC Zone 1 is the Warehouse Areas.
AC Zone 2 is the Office Areas.
Special Notes:
There is a connecting door between rental unit 1720 and 1726. This door can be removed and sealed shut if only renting 1720. If renting both 1720 and 1726 then the door can be left in place.
1726:
3000 SF of space: 60 X 40.
Warehouse Rollup Door Information:
Overhead Door #1 is 10 X 10
Overhead Door #2 is 16 X 20
Both are Grade Level.
Both are mechanically operated by chain.
Both are Insulated.
Office Areas - 1st Floor:
Office #1 - Reception Office is 10 X 12
Office #2 - Management Office 10 X 12
Office Areas - 2nd Floor:
Office #3 - General Office is 16 X 12
Office #4 - General Office is 20 X 12
Restrooms:
There are two restrooms.
Both are on the1st floor.
Kitchenette:
The kitchen area is about 10 X 10
With Wet Bar / Sink.
With Pantry Closet.
Air-condition:
The entire rental space is Insulated.
Two Air-conditioning Systems.
AC Zone 1 is the Warehouse Areas.
AC Zone 2 is the Office Areas.
Special Notes:
There is a connecting door between rental unit 1726 and 1720. This door can be removed and sealed shut if only renting 1726. If renting both 1726 and 1720 then the door can be left in place.

Property Facts

Price $8,217,378 CAD
Price Per SF $379 CAD
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Light Distribution
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Service
Building Class B
Lot Size 0.75 AC
Rentable Building Area 21,700 SF
No. Stories 1
Year Built/Renovated 1980/1990
Parking Ratio 1.24/1,000 SF
Clear Ceiling Height 22 ft
No. Drive In / Grade-Level Doors 4

Amenities

  • Yard
  • Reception
  • Air Conditioning

Utilities

  • Water - City
  • Sewer - City

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • TBA
  • Information
  • 4,050 SF
  • $2.02 CAD
  • Net
  • Nov 2024
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
TBA Information 4,050 SF $2.02 CAD Net Nov 2024
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1215350010001
Land Assessment
$2,523,458 CAD
Improvements Assessment
$599,137 CAD
Total Assessment
$3,122,595 CAD

zoning

Zoning Code none
none
  • Listing ID: 31860461

  • Date on Market: 2024-05-19

  • Last Updated:

  • Address: 1718-1726 W 23rd St, Houston, TX 77008

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