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±1.36 Acre Medical Center Development Site

$8,585,595

7807 Main St, Houston, Texas 77054

Cap Rate

Square Feet

59211

Year Built/Renovated

1983

INVESTMENT HIGHLIGHTS

•   Price/SF (Land): $145.00

•   Existing Improvements: ±47,918 SF of Shell Flex Office

•   Zoning: No zoning restrictions

•   Frontage: ±301 Feet of Main Street Frontage (±197 Feet of Parcel Depth)

PROPERTY DESCRIPTION

Marcus & Millichap is pleased to exclusively offer for sale ±1.36 acres of land, located at 7807 Main Street in Houston, Texas 77030. The subject property is an irreplaceable land site, benefitting from ±301 feet of retail frontage to Main Street (approximately 53,606 vehicles per day). The ±59,211 square feet of land is situated at the eastern quadrant of Main Street and Kirby Drive, situated approximately ¾ of a mile from the Medical Center and ½ of a mile from NRG Stadium. Given its ample frontage to a primary retail thoroughfare of Medical Center and NRG Stadium, the property is well positioned for development of high-rise multifamily, hospitality, medical/life science facilities, retail, or mixed use. The subject property also currently has ±47,918 square feet of flex/office shell improvements that could be built out or redeveloped for an owner-user opportunity at an attractive cost-basis or demolished for ground-up development.

Alex Wolansky, CCIM

MANAGING DIRECTOR INVESTMENTS
713-452-4292

Gus N. Lagos

SENIOR MANAGING DIRECTOR INVESTMENTS
gus.lagos@marcusmillichap.com
713-452-4257

EXCLUSIVELY
LISTED BY
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