Prime Commercial Building near UH and METRO Rail Line
PRICE UPDATE: $475,000- Strategic Location *Tax & Growth Benefits *Versatile Use
Marketing description
Situated in the high-growth OST-South Union area, 5701 Martin Luther King Blvd is a prime commercial opportunity priced aggressively at $499,000. This ~3,232 SF freestanding building sits on a 0.16-acre lot featuring a commanding 230 feet of frontage, ensuring maximum visibility for any business. Located in a federal Opportunity Zone, the property offers significant tax incentives and sits within minutes of the Texas Medical Center, the University of Houston, and Downtown, making it a strategic hub for medical offices, retail, or creative professional suites.
The surrounding corridor is currently undergoing a massive urban revitalization, with a surge of new residential developments and infrastructure upgrades driving consistent value appreciation. With its proximity to I-610 and Hwy 288, this location provides seamless access for both local commuters and the thousands of daily visitors to the nearby medical and academic districts. Whether you are looking to launch a flagship location or secure a high-yield asset in one of Houston’s most promising neighborhoods, this versatile property is positioned for immediate impact and long-term growth.
Investment highlights
Owner open to Seller Financing
Strategic Location
This property boasts an incredible logistical advantage, situated within minutes of Houston’s most critical hubs:
Texas Medical Center: Less than 10 minutes away, providing access to the world’s largest medical complex.
Downtown Houston: Roughly 5 miles from the city center, ideal for businesses serving the urban core.
University Area: Proximate to the University of Houston and Texas Southern University.
Transit Friendly: Located directly on a major bus line with rapid access to I-610 and Hwy 288.
Tax and Growth Benefits
Opportunity Zone- Located within a designated Opportunity Zone, offering potential for significant tax incentives and capital gains benefits.
Urban Renewal- The surrounding neighborhood is seeing a surge in new residential construction and infrastructure improvements ensuring steady long-term appreciation.
Versatile Use Case
With its open layout and high-traffic exposure, the site is ideal for:
Medical clinics or professional officesQuick-service restaurants or retail boutiques
Community-focused service centers or daycare
Creative studio or specialized fitness space
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
