EaDo Gulf Freeway Properties (3401-3409)
EaDo Covered Land Play
Marketing description
· The investment represents a tremendous upside in rent, land value, and as a redevelopment opportunity
· The subject is offered at a fair price per square foot to the buildings
· Base rents are at or below $12 PSF/YR which represents a tremendous upside when rents are raised or adjusted to market rates
· Well established service center with excellent mix – Carpet Giant and BAP Auto Parts have been there for decades, whereas the Triumph motorcycle dealership is the only one in Houston and has a tremendous draw and Modern Rags has a brisk and expanding business
· Property is located in the shadow of the Houston CBD/Downtown, within a short distance from the Toyota Center, Daiken Park, George R. Brown Convention Ctr & the Houston Center. METRO has a Light Rail stop a couple of blocks away.
· Neighborhood is rife with new retail and residential developments. The property is located in the East Downtown Management District (EaDo), in a very high traffic location
· The property has great visibility and easy access surrounding freeways and Downtown Houston
· The subject site has multiple curb cuts with direct access from Gulf Freeway (Interstate Highway 45), Sampson Street, Coyle Street and Tharp Street
· The subject has 338 feet of frontage from Gulf Freeway, 253 feet of frontage on Sampson Street and 314 feet of frontage on Coyle Street whereas Tharp Street (a 40-foot right-of-way) terminates at the property line
· Excellent traffic counts at 204,249 VPD on Gulf Freeway and 18,464 VPD at the intersection of the freeway access road and Scott Street
· 2024 population within a 5-mile radius from the subject property exceeded 474,700 with the projected average household income being at or over $100,000
· Ample Parking is Available. There are no parking ratio requirements in the East Downtown District where the subject property is located – Handicapped accessible parking spaces are available
· The subject, as a covered land play, represents a tremendous redevelopment opportunity
· The NNN charges at the subject property are low in comparison to similar property, a draw that can be used to attract future prospective tenants
· Adjoining properties at 3431-3433 Gulf Freeway are also available (34,668 SF of Land/5,080 SF Building) – Please call
Investment highlights
· The investment represents a tremendous upside in rent, land value, and as a redevelopment opportunity
· The subject is offered at a fair price per square foot to the buildings
· Base rents are at or below $12 PSF/YR which represents a tremendous upside when rents are raised or adjusted to market rates
· Well established service center with excellent mix – Carpet Giant and BAP Auto Parts have been there for decades, whereas the Triumph motorcycle dealership is the only one in Houston and has a tremendous draw and Modern Rags has a brisk and expanding business
· Property is located in the shadow of the Houston CBD/Downtown, within a short distance from the Toyota Center, Daiken Park, George R. Brown Convention Ctr & the Houston Center. METRO has a Light Rail stop a couple of blocks away.
· Neighborhood is rife with new retail and residential developments. The property is located in the East Downtown Management District (EaDo), in a very high traffic location
· The property has great visibility and easy access surrounding freeways and Downtown Houston
· The subject site has multiple curb cuts with direct access from Gulf Freeway (Interstate Highway 45), Sampson Street, Coyle Street and Tharp Street
· The subject has 338 feet of frontage from Gulf Freeway, 253 feet of frontage on Sampson Street and 314 feet of frontage on Coyle Street whereas Tharp Street (a 40-foot right-of-way) terminates at the property line
· Excellent traffic counts at 204,249 VPD on Gulf Freeway and 18,464 VPD at the intersection of the freeway access road and Scott Street
· 2024 population within a 5-mile radius from the subject property exceeded 474,700 with the projected average household income being at or over $100,000
· Ample Parking is Available. There are no parking ratio requirements in the East Downtown District where the subject property is located – Handicapped accessible parking spaces are available
· The subject, as a covered land play, represents a tremendous redevelopment opportunity
· The NNN charges at the subject property are low in comparison to similar property, a draw that can be used to attract future prospective tenants
· Adjoining properties at 3431-3433 Gulf Freeway are also available (34,668 SF of Land/5,080 SF Building) – Please call
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