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27385087
27385088

238 Memory Ln, Houston, TX 77037

CI
TX 519499
Riverflow Commercial Properties
Listed by Riverflow Commercial Properties
$2,750,000
672 days on market
Updated 5 days ago

25,864 SF Industrial/Warehouse on 2.43 Acres

Details
APN 0963390000001; 0452020010035; 0452020010359; 0963390000003
Property Type Industrial, Mixed Use
Sub Type Distribution, Flex (+1)
Square Footage 25,864
Net Rentable (SqFt) 25,864
Units 7
Occupancy 68%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 7.40%
Broker Co-Op Yes
Class C
Year Built 2000-2005
Buildings 2
Stories 1
Acreage 2.430
Zoning No Zoning
Parking Spaces 16 spaces
Parking Per SqFt 0.62
Investment Type Stabilized
Ground Lease No
Ceiling Height 18 Ft
Loading Docks 1

Prime Facility Featuring High-Dock Loading, 3-Phase Power, Site Ideal for Industrial Operations

Marketing description

OWNER FINANCING AVAILABLE

PRICE REDUCED NOW LISTED AT $2,750,000

25,864 SF Industrial Property with Significant Development Potential

Location: 234A-238 Memory Ln, Houston, TX 77037

Price: Contact for details

Land: 1.33 acres with improvements + additional 1.1-acre undeveloped lot

This prime industrial property, located just outside of Houston's city limits in its extraterritorial jurisdiction, offers an exceptional opportunity for both investors and businesses seeking a secure, versatile space. With a total of 25,864 SF of improvements spread across two industrial buildings and a 1.1-acre undeveloped lot (currently being stabilized and equipped with a retention pond), this property provides a unique combination of ready-to-use space and future development potential.

Building 1 – 15,064 SF:

Divided into 3 units

Each unit equipped with a drive-in door

18’ clear height for ample storage or operations

3-phase power (480 volts, 200 amps) for heavy-duty equipment

Office space available for each unit

Dual access from the front and rear of the building

Building 2 – 10,800 SF:

Divided into 4 units

Each unit equipped with a drive-in door

18’ clear height

Single-phase power

Office space available for each unit

Dual access from the front and rear of the building

The property also features two dock-high loading bays in the common area, making it ideal for businesses requiring easy loading and unloading.

The entire lot is fenced and gated, providing enhanced security for operations or storage.

Strategically located with quick access to I-45 and Beltway 8, this property offers excellent logistical advantages for transportation and distribution. The surrounding area is a thriving industrial and commercial hub, offering ample opportunities for leasing, immediate use, or even future redevelopment.

Investment highlights

  • Outside of the 100-year Flood Plain.

  • 25,864 SF building area on 1.33 acres

  • Currently leased 68%

  • Multiple Units with Drive in Doors, High Ceilings 18 ft Clear Hight , 3-Phase and 1-Phase Power, Loading Dock.

  • Additional undeveloped 1.1 acre lot

  • Strategic point within the city, designated for convenient access from various points throughout the urban area.

  • Close Proximity to Interstate 45, and Texas State Highway Beltway 8, two major highways.

  • Within +/—18.8 miles from Port Houston, +/—12.5 miles from George Bush Intercontinental Airport, and +/—11.6 miles from Houston Downtown.

  • Ample Acreage for Additional Development or Business Use.

Listing Contacts

CI
TX 519499
Riverflow Commercial Properties
Listed by Riverflow Commercial Properties

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