4104 Houston Hwy

Marcus & Millichap is pleased to present for sale a two-building office/retail property plus an additional 1.5-acres of raw land in Victoria, Texas. The portion of the purchase price attributable to the two buildings is offered at a proforma 8.5% cap rate. Building 1 is a 4,963-square-foot multi-tenant office space with five suites. Suite 100, a 2,522-square-foot vacant unit, is ideal for an owner-user, while the other suites are leased to local tenants. Suites 200 and 300 operate under NNN leases, while suites 400 and 500 offer an opportunity for lease conversion. Most leases are one year, providing flexibility for future adjustments. Building 2 is a 12,652-square-foot single-tenant structure that is leased as an event venue. The lease with the event venue operator commenced October 2024 and contributed their own improvements. With a six-year-old roof and regularly serviced HVAC systems, the property requires minimal maintenance, ensuring stability and long-term value.
Spanning five acres (inclusive of the 1.5-acres of raw land), the property features 288 surface parking spaces with an impressive parking ratio of 16.34/1,000. With 20,000+ vehicles per day (VPD) along US-59 BUS (Houston Hwy), the site benefits from excellent visibility and accessibility. Its location near major highways, medical facilities, and educational institutions enhances its desirability.