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Marketing the Retail 1111 Studewood St 2 Unit Apartment Building For Sale Houston, TX 77008
Investment Highlights
- 14,000 SF condo-retail asset including ground floor and roof top space
- Ability to grow NOI via mark-to-market upside and NNN reimbursements
- Located among an expanding residential base in Houston Heights submarket, with 4,500+ multifamily units within a 3-mile radius
- High performing roof top tenant presents optionality for next buyer – ability to convert MTM tenant to long term lease or re-merchandise
- Ample parking with adjacent lot at 745 E 11th St included in offering
Executive Summary
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present 1111 Studewood (the “Property”), a 14,000-square-foot condominiumized retail asset within a mixed-use development. Positioned at the corner of Studewood Street and 11th street in the prime Houston Heights submarket, the property benefits from the area’s rapidly expanding residential base and vibrant urban environment.
Located within the Heights’ thriving retail corridor, the property is strategically positioned to attract and retain high-performing tenants seeking unique, experiential spaces. Currently 100% leased to a diverse tenant mix, 1111 Studewood offers investors the opportunity to acquire an income-producing asset in Houston’s fastest-growing urban retail submarket.
Located within the Heights’ thriving retail corridor, the property is strategically positioned to attract and retain high-performing tenants seeking unique, experiential spaces. Currently 100% leased to a diverse tenant mix, 1111 Studewood offers investors the opportunity to acquire an income-producing asset in Houston’s fastest-growing urban retail submarket.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 0.57 AC |
| No. Units | 2 | Building Size | 14,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2011 |
| Building Class | A | Parking Ratio | 8.57/1,000 SF |
| Zoning | None | ||
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.57 AC |
| Building Size | 14,000 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2011 |
| Parking Ratio | 8.57/1,000 SF |
| Zoning | None |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Wheelchair Accessible (Rooms)
Site Amenities
- Roof Terrace
- Elevator
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $15,786,112 | |
| Land Assessment | $2,942,764 | Total Assessment | $18,728,876 |
Property Taxes
Parcel Numbers
Land Assessment
$2,942,764
Improvements Assessment
$15,786,112
Total Assessment
$18,728,876
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Matterport 3D Exterior
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Photos
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Marketing the Retail | 1111 Studewood St
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