Listed by Lee & Associates - Houston
Unpriced
3131 West Alabama
Details
Property Type Office
Sub Type Executive Office
Square Footage 50,000
Class B
Year Renovated 2017
Parking Spaces 213 spaces
Parking Per SqFt 4.26
Investment Type Redevelopment
Ownership Fee simple
Office | 50,000 SqFt
Marketing description
Lee & Associates, on behalf of ownership, is pleased to present an exceptional opportunity to acquire 100% fee simple ownership in 3131 W. Alabama, a 56,680 square foot Class B office building and 50,000 square foot city block located in the prestigious Upper Kirby/Greenway Plaza submarket, Houston, Texas 77098.
The property, bound by four city streets and substantially renovated in 2017 to accommodate a corporate HQ, features abundant tenant and visitor parking, as well as updated common areas, plus an unparalleled surrounding demographic that make the location suitable for near term tenancy or redevelopment.
Investment highlights
- Property encompasses city block of 50,000 SF.
- Signalized hard corner at W. Alabama Street and Eastside Drive.
- Superior demographics within one (1) mile radius – +31% of population 50+ years old,
- +22% of population have HH income +$200,000, and,
- +40% of housing value +$1,000,000.
- Building delivered vacant, on or about August 31, 2026.
- Updated common areas.
- Existing back-up generator with electrical infrastructure to support additional back-up generators.
- Owner occupier building opportunity.
- Direct access from tenant parking to tenant office suites.
- Updated common areas, including ADA restrooms.
- York and Daiken brand HVAC provide 270 tons of cooling, or, 4.8 tons per 1,000 SF of building area.
- Covered and secured parking for approximately 120 cars and uncovered surface parking for approximately 93 cars.
- Residential proximity to River Oaks, West University, and Upper Kirby.
- Commercial proximity to Upper Kirby, Greenway Plaza, and The RO.
Listing Contacts
Listed by Lee & Associates - Houston
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