523 N SAM HOUSTON PKWY E Houston TX 77060-4036

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

Marcus & Millichap is pleased to offer for sale the fee simple interest in the Maritime Center, a ±80,334 SF, multi-tenant office building located at 523 N Sam Houston Pkwy E in Houston, TX. This offering represents an opportunity to acquire a value-add office building with prime positioning in the market and near-term potential for significant upside.

Constructed in 1979, the Property sits on a 2.63-acre lot with ample parking and covered stalls. The building currently sits vacant with flexibility in the approach to refill tenancy. The layout offers executive-suite style potential with approximately 130 individual spaces suited for private professionals, or for larger tenants looking to occupy an entire floor at a time.

The property is strategically located in the North Belt just 10 minutes from the George Bush Intercontinental Airport, and conveniently positioned between corporate campuses, shopping centers, and hotels catering to business travel. It’s situated at the intersection of two major freeways and has access to the Hardy Toll Road, which is integral to travel and commerce in the North Houston submarket. As of 2023, the Property’s demographics have ±245,261 individuals residing within a 5-mile radius, with an average household income of ±$52,437. The Property is located within a high growth area with population growth of 12.08% from 2010-2023 and future growth anticipated from 2023-2028 within five miles of the Property.

• STARTING BID $500,000 | 80,334 SF Houston Office | Out of State Owner | AUCTION MARCH 25-27, 2024

• ±80,334 SF, Six-Story, Multi-Tenant Office Building with Covered Parking in Houston Located Just 10 Minutes from Airport

• Near-Term Value Add Potential with Small Suite Sizes Readily Available to Private Professionals

• Positioned on a ±2.63 AC Parcel along Sam Houston Tollway (±159K VPD) and Near Intersection with Hardy Toll Road (±62K VPD)

• Federal Opportunity Zone

• Active Submarket with ±1,500 Multifamily Units Under Construction within 7.5-Mile Radius, the Asset is Poised to Benefit from Continuous Growth

• Located Within a Densely Populated Area That Services ±84,600 Individuals in a 3-Mile Radius and ±245,261 Individuals in a 5-Mile Radius with an AHHI of ±$52,437