South Belt Business Park - SOLD

13301 Fondren Rd., Houston Texas 77085

Property Highlights

  • South Belt Business Park is located at 13301 Fondren Rd., near Beltway 8 in Houston, TX.

  • The warehouse is 60,000 sq. ft. of building (forty 1,500 sq. ft. spaces) on 4.47 acres of land.

  • The project has been neglected and mismanaged for several years. Occupancy is 35%. This property would be ideal for a knowledgeable investor who can clean it up and lease it up for a great upside gain in income.

  • The property is not being sold on the cash flow as that is deficient the price is $40.00

  • per square foot ($2,400,000.00).

  • Current rent roll shows $131,952.00 per year income at 35% occupancy.

Traffic Counts

Main St/US Hwy 90 Alt: 78,924 VPD | Fondren Rd: 17,708 VPD
Sam Houston Tollway/Beltway 8: 81,300 VPD (TXDOT 2017)

Demographics

 

2018 Population

Avg. HH Income

Daytime Pop.

1 Mile

10,406

8,197

$57,329

3 Miles

138,406

100.707

$67,016

5 Miles 

361,747

311,540

$71,913

Location

Brokers

Gary Smith.jpg

GARY SMITH

President

713.703.8098

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DAWN ASKEW

Executive Vice President

281.235.9700

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