118 Rittenhouse St, Houston, TX 77076

Excellent commercial opportunity offering immediate income, flexible use, and significant upside in a high-demand industrial corridor of Houston. This 6,200 SF office/warehouse sits on a combined ±26,000 SF site (including 0 Bucan, included in the sale), with rear access and additional parking from Bucan Street, providing strong functionality for a variety of users and future development scenarios. The property is currently generating $5,750 per month on a gross lease, with a clear value-add opportunity to convert to triple net (NNN) leases where tenants cover taxes, insurance, and maintenance, increasing NOI and overall asset performance. Market rents support approximately $10–$13/SF NNN, creating a path to higher income and improved valuation. The oversized lot also allows for expansion, including the potential to add 5,000–10,000 SF of additional flex or warehouse space, or reposition the site into a multi-tenant business park. Additionally, the property lends itself to redevelopment into multifamily, townhome, or mixed-use projects. With its combination of in-place income, lease-structure upside, and land-driven expansion potential, this asset is ideal for an investor, owner-user, or developer seeking both cash flow and long-term appreciation. Call today to schedule a tour or request additional information.