Lovett Boulevard Portfolio
Mid-Century Office & Multifamily Portfolio in Prime Montrose – Redevelopment/Investment Opportunity
Marketing description
Marcus & Millichap, as the exclusive representative, is pleased to present the opportunity to acquire 500 Lovett Boulevard, a renovated two-story mid-century modern multi-tenant office building located in the heart of Houston’s vibrant Montrose district, situated just off Westheimer Road and Montrose Boulevard. The 15,338 rentable square feet office property on a 0.41-acre (17,860 square feet) lot blends retro-industrial aesthetics with modern functionality, offering a unique and creative environment ideal for professional service organizations, design firms or boutique agencies.
The building features polished concrete floors, open ceilings, industrial light fixtures, and floor-to-ceiling windows that flood the space with natural light. Many suites include private kitchens, and tenants enjoy access to a tranquil courtyard with a koi pond.
There are 27 private, gated surface parking spaces, as well as ample street parking.
The property is well-suited to a range of buyers, including owner-users seeking a flagship location in Montrose, investors pursuing a stabilized asset with value-add potential, as well as developers exploring opportunities to either reposition for higher-end tenancy or to acquire the site and hold for future redevelopment into luxury mid-rise residential, mixed use or even a boutique hotel.
Additionally, the Seller is offering 426 & 422 Lovett Boulevard for sale: two (2) duplexes and two (2) two-story detached garage apartments comprising six (6) multi-family units on a 0.40-acre lot. The unit mix includes four (4) spacious three-bedroom/two-bath units and two (2) one-bedroom/one-bath units, all of which are 100 percent occupied, providing immediate and stable cash flow.
Positioned on the adjacent hard corner to 500 Lovett Boulevard, this site presents a compelling covered land play with long-term redevelopment potential for higher-density residential, mixed-use, or boutique commercial projects.
500 Lovett Boulevard and 426 & 422 Lovett Boulevard can be purchased together or separately.
Investment highlights
500 Lovett Blvd
Multi-Tenant Layout: Flexible suite configurations and restrooms on each floor support a wide range of office users
Modern, Light-Filled Design: Mid-century modern architecture with expansive windows and skylit common areas
Strong Tenant Base with Upside: 68% leased providing immediate income and lease-up potential
426 & 422 Lovett Blvd
Fully Leased & Income-Producing: Six total units (4x3BR/2BA. 2x1BR/1BA), 100% occupied, generating immediate and stable cash flow
Prime Montrose Location: In the heart of Montrose, the sites are walkable to top amenities with excellent access to Downtown, the Ion District, Midtown and the Texas Medical Center
Covered Land Play Redevelopment Potential: Positioned on two 0.41 AC + 0.4 AC hard corner lots, ideal for future high-density residential, mixed-use, or boutique commercial projects
Sites can be purchased together or separately
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