Overview

Description

Colliers is pleased to exclusively present this commercial investment property for sale.

The property is located in a Tax Incremented Reinvestment Zone (TIRZ). TIRZs are special zones created by City Council to attract new investment in an area. These zones help finance costs of redevelopment and promote growth in areas that would otherwise not attract sufficient market development in a timely manner. Taxes attributable to new improvements (tax increments) are set-aside in a fund to finance public improvements within the boundaries of the zone.

Highlights

• 2401 Termini Street is a two (2) story, class B, single or multi-tenant office building constructed in 1970 and renovated in 2015
• NRA: ±37,743 SF
• Situated on ±4.68 acres with surface parking
• 23% leased to three (3) tenants on short-term lease agreements
• Signage opportunities
• Located in Galveston County, roughly halfway between the cities of Houston and Galveston, 1.6 miles to Interstate 45 (Gulf Freeway), 4.7 miles to Hwy 146, 2.9 miles to State Highway 96 (League City Pkwy)
• Additional contiguous lots are available and are not included in the sale price of the office building (see site plan on Page 4)

Documents

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