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Fully Built Out Former Lounge/Restaurant in Montrose

Prime Location in Montrose | All FF&E Included | Fully Built Out Former Restaurant/Lounge | 4,614 SF

Listing Contacts

Active

Asking Price: $5,200,000
Address 

516 Westheimer Rd, Houston, TX 77006

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Date Added
Mar 19, 2025
Days on Market
92 days
Time Since Last Update
85 days

Details

Property TypeMixed Use, Retail
SubtypeBar, Restaurant, Club
Square Footage4,614
Year Built2005
Buildings1
Stories2
Lot Size (acres)11,100
IntelligenceINTELLIGENCE
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Marketing Description

Prime location in the heart of Houston, an area known for its eclectic nightlife, history/culture, and culinary experiences.​ This 4,616 SF commercial property, located just one block from Montrose Blvd on bustling Westheimer Rd, is a prime, turnkey opportunity for a restaurant, bar, or lounge.​ Boasting a spacious second floor, a fully equipped commercial kitchen, and the rare advantage of on-site parking—plus an existing lease agreement with Traveler’s Table for additional parking—this high-visibility location is ideal for immediate operation.​ Whether you're an owner-operator or seeking a single-tenant NNN investment, this property offers outstanding value in one of Houston’s most dynamic districts.​ All furniture, fixtures, and equipment (FF&E) will convey with the sale, included in the $5.2MM asking price.​

Contact us today at (832) 899-4389 or info@gatsbyadvisors.​com for more information or to schedule a tour!

Investment Highlights

  • Ideal property for an owner operator or single tenant NNN lease!

  • Prime Location: Nestled in the vibrant heart of the city, this Retail property on 516 Westheimer Rd. offers a prime location that promises high visibility and foot traffic. Situated in a bustling commercial hub, this property presents an unparalleled opportunity for businesses seeking a strategic and lucrative location.

  • Unbeatable ROI Potential: With its strategic location and strong market demand, this Retail property at 516 Westheimer Rd. boasts unbeatable ROI potential. Investors can capitalize on the thriving local economy and the property's unique positioning to maximize returns and secure long-term financial growth.

  • Versatile Investment Opportunity: This property's versatile layout and potential for customization make it a dream investment opportunity for savvy buyers. Whether you're looking to develop a flagship retail store, trendy restaurant, or upscale boutique, the possibilities are endless with this flexible and adaptable space.

  • Strong Market Demand: The Retail property at 516 Westheimer Rd. is poised to attract a diverse range of tenants and customers, thanks to its strong market demand and strategic location. Investors can tap into the growing consumer base and capitalize on the property's appeal to a wide range of businesses and clientele.

  • All FF&E currently in the property to convey over to the new owner, included in the asking price of $5.2MM.

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Due Diligence

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Listing Contacts


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Additional Information
Broker Name
Charles Patawaran, CCIM
Broker License
TX TX 763861
Brokerage Name
Gatsby Advisors Brokerage
Brokerage Address
1334 Brittmoore Road, Houston, United States 77043
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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