601 Sawyer St — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Houston, TX 77007

Photos

601 Sawyer St — Sale in Houston, TX, photo 1 of 2
601 Sawyer St — Sale in Houston, TX, photo 2 of 2

Description

601 Sawyer is a seven-story office asset positioned at the gateway to Houston’s highly desirable Washington Avenue and Downtown corridor. The property contains approximately 88,258 rentable square feet on ±1.93 acres and offers investors a compelling value-add office acquisition with significant upside through lease-up and rent growth. The building was originally constructed in 1980 and renovated in 2006, featuring efficient floor plates of ±12,200 rentable square feet, garage and surface parking, balconies on multiple floors, and panoramic views of the Downtown Houston skyline. A key investment driver is the property's current approximately 61 percent occupancy, creating an opportunity for a new owner to increase cash flow through strategic leasing of vacant space. Existing leases are structured as triple-net (NNN), providing an efficient operating profile while allowing investors to capture future rental rate increases. Available suites include fully built-out, plug-and-play space, and the entire seventh (top) floor presents an attractive opportunity for an owner-occupier such as law firm or others seeking a headquarters presence. The location provides exceptional accessibility to Houston’s major transportation corridors, including I-10, I-45, US-59/69 and Memorial Drive, while being just minutes from Downtown Houston and The Washington Avenue Corridor and Midtown’s restaurant scenes. Tenants benefit from immediate access to the Buffalo Bayou trail system and the vibrant Washington Avenue entertainment district, which continues to attract both employers and residents seeking an urban live-work-play environment. The property offers a competitive tenant amenity package including a Building Lounge with a Parks Pantry Market, locker rooms with showers, controlled access, on-site courtesy officer, garage and surface parking with a ratio exceeding four spaces per 1,000 rentable square feet. These amenities, including building signage opportunities, position this asset f

Market Context

This office in Houston, TX is listed for sale. Compare it against other office listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston office market showed a 26.1% vacancy rate, and average asking rents near $31.77/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Houston office market tightening or softening?
Vacancy is around 26.1% (Q1 2026).

Contact

Explore this market

Similar Office for Sale in Houston, TX