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33686414
33751212

7087 Main Street, Houston, TX 77030

GL
TX TX 419197
Marcus & Millichap - Houston
Marcus & Millichap - Houston
Listed by Marcus & Millichap - Houston
$8,585,595
7 days on market
Updated 5 days ago

±1.36 Acre Medical Center Development Site

Details
Property Type Retail, Land
Sub Type Residential, Commercial
Square Footage 59,211
Units 1
Tenancy Vacant
Price per SqFt $145
Class B
Year Built 1983
Acreage 1.360
Zoning N/A
Parking Spaces 90 spaces
Parking Per SqFt 1.52
Investment Type Redevelopment
Ground Lease No

Medical Center Development Site Available for Sale: $145/SF

Marketing description

Marcus & Millichap is pleased to exclusively offer for sale ±1.36 acres of land, located at 7807 Main Street in Houston, Texas 77030. The subject property is an irreplaceable land site, benefitting from ±301 feet of retail frontage to Main Street (approximately 53,606 vehicles per day). The ±59,211 square feet of land is situated at the eastern quadrant of Main Street and Kirby Drive, situated approximately ¾ of a mile from the Medical Center and ½ of a mile from NRG Stadium. Given its ample frontage to a primary retail thoroughfare of Medical Center and NRG Stadium, the property is well positioned for development of high-rise multifamily, hospitality, medical/life science facilities, retail, or mixed use. The subject property also currently has ±47,918 square feet of flex/office shell improvements that could be built out or redeveloped for an owner-user opportunity at an attractive cost-basis or demolished for ground-up development.

Investment highlights

  • Price/SF (Land): $145
  • Land Size: ±1.36 Acres (±59,211 SF)
  • Existing Improvements: ±47,918 SF of Shell Flex Office
  • Submarket: Medical Center
  • Utilities: City of Houston

Listing Contacts

GL
TX TX 419197
Marcus & Millichap - Houston
Marcus & Millichap - Houston
Listed by Marcus & Millichap - Houston

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Additional Information

Name
Gus Lagos
License
TX 419197
Name
Alex Wolansky, CCIM
License
TX 702899
Brokerage Phone
7134524200
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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