FOR SALE | 321 West Alabama & 3803 Bute Street – Houston, TX 77006 Mid-Century, Two-Level Mixed-Use Asset | Owner-User Opportunity | Rare Large Parking Lot – Old Montrose Located in Historic First Montrose Commons on the edge of Midtown, this corner-to-corner property offers a compelling combination of in-place income, near-term occupancy opportunity, and significant underlying land value — a rare alignment in Montrose. The property sits on approximately 12,500 SF of land, including an oversized on-site parking lot — a true differentiator in this submarket — and is currently offered at $2,200,000. Investment & Owner-User Highlights • Suite #6 at 3803 Bute (~2,200 SF) now available for lease or potential owner occupancy - see attached floor plan. • Additional front commercial space expected to become available early next year, providing further flexibility or upside to market rents • Gross Scheduled Income (2025): Approx. $176,760/year • Operating Expenses (2024): Approx. $58,015 • NOI: Approx. $118,745/year (˜5.4% cap rate at stabilization) • Existing commercial rents appear below current market levels • Ability to increase income over time while occupying a portion of the asset This is not purely a land play — it is a functioning income property with embedded upside and flexibility for an owner-user or investor. Property Overview • Approx. 6,720 SF of improvements • Approx. 12,500 SF corner-to-corner tract • 7 total leasable units Unit Mix: • Four updated studio/efficiency apartments (~500 SF each) • Two large commercial/retail suites (~4,000 SF combined) - see floor plans of both spaces. • One ~1,000 SF workshop/storage unit (currently owner-occupied) Suite #6 (approx. 2,200 SF) has just been brought to market for lease - see floor plan. All-electric, individually metered units. Natural gas available. Owner pays water and dumpster. Commercial tenants reimburse taxes and insurance (NN) and cover electricity, HVAC, and interior maintenance. Key Features • Rare oversized parking lot — a major competitive advantage in Montrose • Corner-to-corner frontage: – Approx. 42’ on West Alabama – Approx. 249’ on Bute – Approx. 60’ on Sul Ross • Located within Historic First Montrose Commons • Non-contributing structure (no historic restriction overlay) This offering provides a unique opportunity to acquire a centrally located Montrose asset with immediate income, near-term leasing and occupancy flexibility, and long-term land value support. Few properties in this submarket combine: • Scale of land • On-site parking • Mixed-use income • Owner-user potential 48-hour notice required for showings. Broker to accompany. Contact broker for rent roll, operating statements, and additional financials.