4550 Post Oak Place Dr - Commercial LAND FOR SALE


Houston, TX 77027- River Oaks162,305 SF
$20,300,000 USD
972-814-4568
4550 Post Oak Place Dr, Houston, TX for Sale
$20,300,000 USD
Commercial LAND - FOR SALE
1/5
162,305 SF

4550 Post Oak Place Dr
Houston, TX 77027
River Oaks


HIGHLIGHTS

  • 3.725 unrestricted acres
  • 211,420 SF existing office building with 61.45% occupancy, providing interim cash flow
  • Perfectly suited for senior living, boutique hotel, luxury retail, high-end multi-family / condominium development, or a mixed-use concept
  • Adjacent 3.006 acre parcel is under contract
  • Inside Loop 610 near River Oaks District, Uptown Park and Memorial Park
  • Minutes from The Galleria, Memorial Park and Highland Village

OVERVIEW

Positioned in one of Houston’s most sought-after infill locations, 4550 Post Oak Place Drive presents a rare opportunity to develop 3.725 unrestricted acres near River Oaks, Uptown and the Galleria. The site is ideally suited for a boutique hotel, luxury multifamily, condominium or mixed-use development. The existing 211,420-square-foot office building is currently 61.45% occupied, providing interim cash flow while redevelopment plans are finalized. Redevelopment lease provisions offer additional flexibility ahead of tenant terminations in December 2027.

FOR SALE DETAILS

PRICE

$20,300,000 USD

PRICE/ACRE

$5,448,202/AC

PRICE/SF

$125 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Redevelopment Opportunity with Current Income

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Mixed Use, Multi-Family, Hospitality, Apartment Units - Condo, Apartment Units - Senior, Hotel, Storefront Retail/Residential

LAND ACRES

3.73 AC

LAND SF

162,305 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

Unzoned

APN/PARCEL ID

1040890000004

ASK ABOUT THIS PROPERTY

Mike KennedyAvison YoungMore Info
972-814-4568

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Mike KennedyAvison YoungMore Info
972-814-4568

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.