Empire Central Tower - Office Space Availability

For Sale $1,783,575

12700 Northborough Drive, Houston, TX 77067

  • Office
  • Office Building
  • 118,905 Sqft

Empire Central Tower, Houston, TX 77067 - Office Space for rent

Empire Central Tower is located at 12700 Northborough Drive in the Greater Greenspoint neighborhood, TX, Houston, 77067. The Class B Office building was completed in 1981 and features a total of 138,000 Sqft. There is 1 Office space available for lease at 12700 Northborough Drive, Houston, TX, 77067, totaling 118,905 Sqft. The largest space available has 118,905 Sqft and a rental rate of $1,783,575.

The average property tax per square foot paid by a commercial property in zip code 77067 is $2.

There are 2,608 office spaces for lease in the Greater Greenspoint neighborhood, totaling 13,259,174 Sqft of available office space. The office space availability for the 77067 zip code is 3,067,600 Sqft, in 320 office spaces. The average asking office rent per sq. ft. in Greater Greenspoint is $11.13/sqft/year. For Class A office buildings the average office rate is $15.29/sqft/year, for Class B office buildings the average office rate is $10.15/sqft/year, for Class C office buildings the average office rate is $6.83/sqft/year.

In Greater Greenspoint, there are 59 class B office buildings. In Greater Greenspoint, there are a total of 8 LEED certified office buildings. In 1981, the same year Empire Central Tower was built, 4302 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Houston, featuring 25,144,139 square feet of commercial space. At zip code level, there are 23 commercial properties, of which 14 are office buildings over 50,000 square feet.

Nearby Listings

Nearby Properties

Details

  • Sale Price $1,783,575
  • Address 12700 Northborough Drive, Houston, TX 77067
  • City Houston
  • Neighborhood Greater Greenspoint
  • Zip Code 77067
  • Market West Houston
  • Property Type Office
  • Property Subtype Office Building
  • Property Status Existing
  • Building Size 138,000 Sqft
  • Total Space Available 118,905 Sqft
  • Lot Size 3.66 Acre
  • Building Class B
  • Year Built 1981

Availability

Suite Name Space Type Sale Price Space Available
Full Building Office $1,783,575 118,905 Sqft
  • Suite Full Building
  • Space Type Office
  • Sale Price $1,783,575
  • Total Space Available 118,905 Sqft
  • Available From Monday, December 11, 2017

Description

An excellent reposition and renovation opportunity in North Houston just minutes from Bush Airport, The Woodlands, Downtown Houston and Kingwood.

138,000 GBA (118,905 RSF Multi-Tenant) Class B Office Building entirely vacant and ready for a User/Buyer or build-out for 1-6 large tenants. Contains 6 levels with a 3-level connected parking garage situated on a large 3.66 acre campus-like site.

$1.5 million in recent improvements including: New TPO roof, New Chillers and controls, 3 New elevator cabs and controls, New restroom fixtures and faucets and New Fire/Security/Surveillance system.

Price substantially below replacement cost and ready for a Value-Add Investor.

Highlights

  • Total Parking Spaces - 357
  • Parking Type - Reserved
  • Parking Ratio - 3.50 / 1,000 SF
  • Number of Stories - Six
  • Min Stories - 6
  • Max Stories - 6
  • Building Exterior - Glass and Masonry
  • Construction Type - Steel Frame
  • Restroom Access - Shared
  • Property Tenancy - Multi-Tenant
  • Controlled Access
  • Standard Ceiling Height
  • Internet Available
  • Passenger Elevators
  • Mid Rise
  • Covered Parking

Greater Greenspoint Demographics

The average household income in zip code 77067 is $49,685, from a total of 9,762 households. In terms of employment, there are 71.69 % white-collar and 28.31 % blue-collar jobs in zip code 77067.

Population

  • Total Population82,478
  • Male Population(49.4 %) 40,750
  • Female Population(50.6 %) 41,728
  • Median Age27.70

Income/Financial

  • Average Household Income$45,695
  • Median Household Income$38,720
  • Median Income Under 25$22,482
  • Median Income 25-44$35,682
  • Median Income 45-64$47,363
  • Median Income Over 65$35,260

See more Greater Greenspoint Demographics data

BROWSE OTHER PROPERTIES IN GREATER GREENSPOINT

Check out the links below if you're interested in other types of properties for lease or for sale in Greater Greenspoint:

Attachments

Commercial Broker

David Buttecali

Andora Real Estate

(281) 677-2626