Baytown, Texas offers a unique opportunity for investors to capitalize on the city's strong economy and growing demand for office space. With a diverse range of industries, including heavy industry, petroleum, and petrochemical processing, Baytown is an attractive location for businesses looking to establish a presence in the Houston metropolitan area. Office properties in Baytown can represent a range of investments, from single-story buildings to multi-story complexes, and can cater to various business needs, including executive suites,medical offices, and corporate headquarters. The city's amenities, such as the Sterling Municipal Library, Baytown Park, and the Baytown Soccer Complex, make it an attractive location for businesses and employees alike. Additionally, Baytown's proximity to major transportation hubs, including the Baytown Park and Ride lot and the Fred Hartman Bridge, provides easy access to Houston and other surrounding cities. The city's geography, with its flat terrain and proximity to the bay, also makes it an attractive location for businesses looking to establish a presence in the region. With a population of around 80,000, Baytown offers a stable and growing market for office properties. The city is also home to several major employers, including ExxonMobil, Covestro, and Chevron Phillips, making it an attractive location for businesses looking to establish a presence in the energy industry.
Currently, there are 19 office properties for sale in Baytown, offering a range of investment opportunities. The average price per square foot for office properties in Baytown is $235 USD, with an average size of 8,523 square feet. The largest office property available for sale is 109,489 square feet. In addition to office properties, Baytown also offers a range of other commercial real estate options, including commercial properties, apartment buildings, shopping centers, and hotels. Commercial properties in Baytown can cater to a range of businesses, from retail and restaurant spaces to industrial and manufacturing facilities. Apartment buildings in Baytown offer a range of investment opportunities, from small complexes to large multi-story buildings. Shopping centers in Baytown provide a range of retail spaces, from small boutiques to large anchor stores. Hotels in Baytown cater to the city's growing tourism industry, with a range of options from budget-friendly motels to luxury resorts. Overall, Baytown offers a diverse range of commercial real estate options, making it an attractive location for investors and businesses alike.
What is the average price per square foot for office properties in Baytown?
The average price per square foot for office properties in Baytown is $235 USD per square foot, with 19 available listings ranging in size from 8,523 square feet to 109,489 square feet, and an average cap rate of 9.42%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Baytown, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, suitable for a wide range of tenants, and are generally more affordable than Class A properties.
- Class C office properties are often older, less renovated buildings with limited amenities, typically appealing to budget-conscious tenants or those requiring minimal space.
