Newport 404/406 Flex - Office/warehouse space (twin warehouses)

Discover the limitless potential of the League City, TX market. Nestled in the heart of Houston's thriving commercial landscape, the area surrounding the property offers unparalleled access to major business hubs, a skilled workforce, and a vibrant local economy. Just a stone's throw away from the Galveston Bay, this location provides a perfect blend of business and leisure. Nearby points of interest include the South Shore Harbour Golf Club, picturesque Clear Lake, and the Kemah Boardwalk. With a strategic position in this dynamic region, the property presents a prime opportunity for office space investors seeking to capitalize on the area's continuous growth and development.Excellent owner-user or investment opportunity consisting of two separate, recently remodeled flex office/warehouse spaces at 404 & 406 Newport, totaling approximately 5,800 SF on approximately 33,733 SF of land. Both spaces have recently undergone interior improvements including luxury vinyl plank (LVP) flooring, fresh paint, and upgraded LED lighting, providing clean, modern, move-in-ready office environments. Both spaces offer functional office layouts combined with warehouse/storage areas, making the property ideal for contractors, service businesses, and companies needing professional office space with additional storage and fleet parking. 404 Newport – ±2,400 SF features a reception area, two private offices, open bullpen/work area with kitchenette, conference room, warehouse space, and a small garage/storage area. 406 Newport – ±3,400 SF features a reception area, six private offices, conference room with sink, two restrooms, and warehouse/storage space. This property offers an excellent opportunity for an owner-occupant to operate from one building while leasing the second space to help offset ownership costs. The property may also be well suited for SBA 504 financing, potentially allowing a qualified owner-user to purchase with as little as 10% down. For investors, leasing both spaces at a projected market base rental rate of approximately $15.00/SF could generate a pro forma cap rate approaching 9%. With approximately 13 parking spaces serving 404 and 15 spaces serving 406, the property provides ample parking and is particularly well suited for businesses operating small fleets or service vehicles. Ideal users include general contractors, roofing companies, plumbers, electricians, HVAC contractors, pool companies, construction-related businesses, and other service-oriented owner-users requiring a combination of office, warehouse, storage, and parking.