Office Space
2315 and 2327 Commerce Street Houston, TX 77002
Details & Description
Price: $8,950,000
    For Sale I Investment Opportunity - 2315-2327 CommerceColliers is pleased to exclusively present for sale to qualified investors the opportunity to acquire 100% fee simple interest in the 2315 & 2347 Commerce buildings located east of Downtown Houston. This neighborhood is a growing part of the city offering entertainment, dining, residential and commercial development. Major employment centers are located nearby as well as many of the city’s sports complexes. These properties are strategically located on Commerce Street which is a major corridor leading into East Houston and the EaDo District offering a prime location for office users, retail businesses, design firms, artists, and other creative workspaces.2315 Commerce is a one (1) and two (2) story building consisting of approximately 16,873 SF. 2327 Commerce is a two (2) story building consisting of approximately 27,737 SF. Both properties are located on ± 1.4395 acres of land and share a surface lot for parking.Both buildings have experienced consistent leasing activity over the years and maintain healthy occupancies and continued base rental growth. 
    Property Highlights
    Additional Photos
    Listing Agents
    Chris Winters

    O: 713-830-2106
    chris.winters@colliers.com
    John Parsley

    O: 713-830-2140
    M: 281-236-6558
    john.parsley@colliers.com
    Jeff Peltier

    O: 713-830-2182
    M: 281-827-5922
    jeff.peltier@colliers.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    2315 and 2327 Commerce Street

    Houston, TX 77002

    Listing ID: 312205
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    Building Size: 44,610 SF
    Lot Size: 1.440 AC
    Land Size: 62,704 SF
    Building $/SF: $200.63
    Land $/SF: $142.73
    Price
    $8,950,000
    Property Highlights
    Total RSF: ± 44,610 SF
    Land area: ± 1.4395 acres
    Construction: Masonry
    Not in a flood zone
    Tenancy: Office, retail, creative art
    Occupancy: 92%
    Parking: 81 surface parking spaces
    2315 Commerce built: 1939 Renovated: 2014-2016
    2327 Commerce built: 1921 Renovated: 2015-2016
    Net Operating Income: Current: $747,299 (2024)
    Cap Rate 8.3%
    Description

    For Sale I Investment Opportunity - 2315-2327 Commerce

    Colliers is pleased to exclusively present for sale to qualified investors the opportunity to acquire 100% fee simple interest in the 2315 & 2347 Commerce buildings located east of Downtown Houston. This neighborhood is a growing part of the city offering entertainment, dining, residential and commercial development. Major employment centers are located nearby as well as many of the city’s sports complexes. These properties are strategically located on Commerce Street which is a major corridor leading into East Houston and the EaDo District offering a prime location for office users, retail businesses, design firms, artists, and other creative workspaces.

    2315 Commerce is a one (1) and two (2) story building consisting of approximately 16,873 SF. 2327 Commerce is a two (2) story building consisting of approximately 27,737 SF. Both properties are located on ± 1.4395 acres of land and share a surface lot for parking.

    Both buildings have experienced consistent leasing activity over the years and maintain healthy occupancies and continued base rental growth. 

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    Houston Area Market Trends

    Listing Demographics for 2315 and 2327 Commerce Street Houston, TX 77002

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 2315 and 2327 Commerce Street in Houston?
    The asking price for 2315 and 2327 Commerce Street is $8,950,000
    What is the building size of this Office property in Houston, TX?
    The size of the building/unit at 2315 and 2327 Commerce Street in Houston is 44,610 square feet
    How much land does the Houston, TX property at 2315 and 2327 Commerce Street include?
    2315 and 2327 Commerce Street in Houston includes 1.440 acres of land
    What kind of Office is the property at 2315 and 2327 Commerce Street?
    The property at 2315 and 2327 Commerce Street Houston, TX 77002 is listed as a Professional Office property
    What is the population within 1 mile of 2315 and 2327 Commerce Street in Houston?
    The population within 1 mile of 2315 and 2327 Commerce Street Houston, TX 77002 is 20,654 people.
    Who do I contact for questions about 2315 and 2327 Commerce Street?
    You should contact the listing agent, Chris Winters, for any details regarding this commercial listing.

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    Airport Distance (mi) Directions
    William P Hobby Airport (HOU) 9
    George Bush Intercontinental Houston Airport (IAH) 16
    Austin Bergstrom International Airport (AUS) 142
    Price
    $8,950,000
    Listing Agent
    Listing Co-Agent
    Chris Winters - CRE Agent at

    John Parsley

    Colliers Houston
    Listing Co-Agent
    Chris Winters - CRE Agent at

    Jeff Peltier

    Colliers Houston
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