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Property Detail

Vine Street
Lumicre is pleased to present 1113 Vine Street, a high-quality .
$2,350,000
Manufacturer: https://lumicre.com/

Description

Lumicre is pleased to present 1113 Vine Street, a high-quality, historic office facility strategically located in the bustling heart of Downtown Houston, Texas, America’s fourth-largest city. Currently largely stabilized with a high yield, this is a valuable opportunity for investors to enter or expand in the thriving Houston Market.

1113 Vine Street’s size, layout, and design meet the needs of modern businesses and provide a creative working environment. The 99,000-square-foot building, constructed in 1917, adds to its allure by offering historical significance and modern amenities. Its storied past and strategic location make it a unique and valuable addition to Houston’s commercial real estate market. The property, initially called the Union Transfer and Storage Building, underwent a full modern renovation in 2020. This commercial loft-style property, now uniquely revamped, offers a creative environment for office and retail spaces and holds a listing on the National Register of Historic Places. The interiors are defined by juxtaposing modern fixtures set against rich exposed brick-and-beam work.

With a 85% occupancy rate, this sought-after property is a base for some of Houston’s top-tier companies. The diverse tenant mix comprises businesses involved in mineral and oil rights, title services, legal services, marketing, salon suites, technology, and more.

A lower-level space is vacant and in shell condition, comprising ±14,000 square feet. The open layout suite is perfectly suited for photographers, technology incubators, event spaces, creative studios, storage, data centers, standard offices, or workshops. Its flexible and open layout allows for easy adaptation, making it perfect for accommodating diverse business needs.

1113 Vine Street’s central location offers unrivaled convenience. It is close to major highways—Interstates 10, 45, and 59—making it easily accessible for both tenants and visitors. The convenient location is also within walking distance of Downtown Houston’s Central Business District and Arts District Houston. The Arts District is a state-appointed cultural hub that boasts over 300 studio spaces for local artists, designers, and makers, offering an insider’s view into the creative process. Situated along the Washington Avenue Corridor, the district includes the highest concentration of working artists in Texas and the First and Sixth Wards, two of Houston’s oldest neighborhoods.

Expand a growing portfolio by acquiring this extensively renovated and perfectly positioned historic professional office at 1113 Vine Street.

Renovated Historic Office with High Yield

Listing ID : 00622

SKU: 622

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Price History

DateEventPrice
December 4 2024Listed$2,350,000.00