7807 Main St - Retail FOR SALE


Houston, TX 77030- Medical Center South
$8,585,595 USD
713-775-8899
7807 Main St, Houston, TX for Sale
$8,585,595 USD
Retail - FOR SALE
1/11
null | Request Cap Rate

7807 Main St
Houston, TX 77030
Medical Center South


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)

OVERVIEW

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 Texas Medical Center and ½ of a mile from NRG Stadium. Given its ample frontage to a primary retail thoroughfare of Texas 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.

FOR SALE DETAILS

PRICE

$8,585,595 USD

PRICE/SF

$179 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

±1.36 Acre Medical Center Development Site

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

-

APN/PARCEL ID

0440920000940

ASK ABOUT THIS PROPERTY

Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

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Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

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