713-452-4243
5 Riverway, Houston, TX for Sale
Office - FOR SALE
1/12
null | Request Cap Rate

5 Riverway
Houston, TX 77056
Uptown Houston


HIGHLIGHTS

  • Ideal Owner-Occupier Office Opportunity
  • Designated Garage Parking w/Visitor Parking at Building Entrance
  • Monument Signage
  • Quiet Park-Like Setting
  • Greenspace Throughout the 28-Acre Park
  • Starbucks Operator and Two Fast Casual Food Options within the Park

OVERVIEW

Five Riverway is nestled in a park-like setting that includes a five-building mixed-use development totaling approximately 1.7 million square foot. The site is composed of Class A office buildings, a Class A multifamily high-rise towering 22 stories and the 378-room Omni Houston Hotel. The 28-acre park is in a beautiful setting and only half a mile from the 610 West Loop and five minutes to the world-renowned 2.4 million square-foot Galleria Shopping Mall. The offering is situated at the front door to Tanglewood, (https://www.tanglewoodhomes.org), an upper-income neighborhood consisting of over 1,200 homes and home to CEOs, local company owners and decision makers. According to the Houston Association of Realtors (HAR), in 2023 the median appraised value of a home in Tanglewood was $2.046 million. Five Riverway, formerly a three (3) tenant office building is currently vacant and ready for occupancy by an owner-occupier in search of an alternative to paying rent to a landlord. Former tenants included a title company, a property valuation advisor, and a regional bank. Other than each of the suites needing light cosmetic improvements, such as new paint and carpet, each suite is ready for immediate occupancy. In the future, the property may be better suited for a residential condominium or apartment tower redevelopment. The site is ideal for a future developer to build highend housing for the ever-growing Houston market, for those seeking to live close in.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Five Riverway

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

None

APN/PARCEL ID

0451400050512

ASK ABOUT THIS PROPERTY

Keith LloydMarcus & MillichapMore Info
713-452-4243

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Keith LloydMarcus & MillichapMore Info
713-452-4243

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