5701 Martin Luther King Blvd - Freestanding FOR SALE


Houston, TX 77021- OST-South Union
$499,000 USD
281-451-8437
5701 Martin Luther King Blvd, Houston, TX for Sale
$499,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

5701 Martin Luther King Blvd
Houston, TX 77021
OST-South Union


HIGHLIGHTS

  • *Strategic Location- Convenient to Texas Medical Center and Downtown Houston, William H. Hobby Airport,Port of Houston and NRG Stadium
  • *Opportunity Zone and Urban Renewal
  • *Versatile Use
  • *Seller Financing Available

OVERVIEW

Situated in the high-growth OST-South Union area, 5701 Martin Luther King Blvd is a prime commercial opportunity priced aggressively at $499,000. This ~3,232 SF freestanding building sits on a 0.16-acre lot featuring a commanding 230 feet of frontage, ensuring maximum visibility for any business. Located in a federal Opportunity Zone, the property offers significant tax incentives and sits within minutes of the Texas Medical Center, the University of Houston, and Downtown, making it a strategic hub for medical offices, retail, or creative professional suites. The surrounding corridor is currently undergoing a massive urban revitalization, with a surge of new residential developments and infrastructure upgrades driving consistent value appreciation. With its proximity to I-610 and Hwy 288, this location provides seamless access for both local commuters and the thousands of daily visitors to the nearby medical and academic districts. Whether you are looking to launch a flagship location or secure a high-yield asset in one of Houston’s most promising neighborhoods, this versatile property is positioned for immediate impact and long-term growth.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Commercial Building For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Showroom, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

Commerical

APN/PARCEL ID

0410070310027

ASK ABOUT THIS PROPERTY

Kevin Riles, Ph.D.,CCIMKevin Riles CommercialMore Info
281-451-8437

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Kevin Riles, Ph.D.,CCIMKevin Riles CommercialMore Info
281-451-8437

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