Introducing an exceptional retail investment opportunity in Houston, TX, 77008. This prime property boasts a 5,200 SF building with 3 units presenting a strong and reliable income stream for prospective investors. Built in 2022, the property offers a well-established presence in the local retail market and provides a solid foundation for further growth and success. Its strategic location and attractive features make it an ideal choice for investors seeking a lucrative retail investment in the dynamic Houston area.
There are more than 455,968 residents living within a 5-mile radius and earning an average household income of approximately $156,760. The property is adjacent to W 18th St & N Durham Dr which transports over a combined 20,000 cars per day.
Property Highlights:
5,200 SF building | Built in 2022
100% occupancy
Leases signed through 2029 - 2033 with extension options
Home Value Growth: Houston Heights homes have nearly doubled in value over 10 years, with a 41% increase in average price per square foot, highlighting the area’s growing appeal to buyers and investors.
Resilient Property Stability: Despite economic challenges, Houston Heights properties have shown strong stability, with a 7% rise in median sales prices over the past year, underscoring the neighborhood’s lasting investment potential.
Soaring Land Values: Land values in Houston Heights have surged 64% over the past decade, climbing from $19 to $32 per square foot, reflecting the area’s increased desirability and real estate prominence.
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