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3131 W Alabama 3131 W Alabama St 56,591 SF Vacant Office Building Houston, TX 77098 For Sale
Investment Highlights
- EXCEPTIONAL REDEVELOPMENT OR OWNER-OCCUPIER OPPORTUNITY
- Updated common areas, including ADA restrooms
- Direct access from tenant parking to tenant office suites
Executive Summary
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.
Existing back-up generator with electrical infrastructure to support
additional back-up generators.
Certificate of occupancy in place for possible owner / occupier
Above standard cooling capacity of 270 Tons or 4.82 tons : 1,000 SF
Property Facts Under Contract
Amenities
- Property Manager on Site
- Security System
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- -
- -
- -
- -
Dean & Draper Insurance Agency began in 1980 when Bob Dean established the firm in Houston, Texas. The company provides commercial and personal insurance products, employee benefits programs, and risk management services. Over decades, the business expanded its offerings while maintaining local ownership and personalized service. Dean & Draper serves clients nationwide through industry-specific insurance solutions and comprehensive risk assessments. The agency partners with numerous carriers to provide tailored coverage options across various sectors.
-
- Services
- -
- $21.00
- Modified Gross
- Mar 2018
Legacy Funeral Group was founded in 1998 and is headquartered in Houston, Texas. The company specializes in funeral and cemetery services, operating a network of funeral homes and cemeteries across several states, including Texas, Florida, Alabama, Louisiana, New Mexico, Oklahoma, Kansas, and Nevada. Its operations encompass traditional funeral services, cremation, and pre-need planning, providing comprehensive end-of-life care solutions. Legacy Funeral Group is privately held and has grown steadily since its inception, focusing on expanding its presence in the funeral services industry. The company emphasizes operational efficiency and strategic growth, supported by a leadership team with extensive experience in funeral home management, cemetery operations, and related financial services.
- Penthouse Dental
- Health Care and Social Assistance
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | - | - | - | - | |
|
|
Services | - | $21.00 | Modified Gross | Mar 2018 | |
| Penthouse Dental | Health Care and Social Assistance | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 100
- 11,200 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 200
- 11,397 SF
- Office
- Full Build-Out
- Now
- 3rd Fl-Ste 300
- 11,200 SF
- Office
- Full Build-Out
- Now
- 4th Fl-Ste 400
- 11,397 SF
- Office
- Full Build-Out
- Now
- 5th Fl-Ste 500
- 11,397 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 11,200 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 200 | 11,397 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 300 | 11,200 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 400 | 11,397 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 500 | 11,397 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 11,200 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 11,397 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 11,200 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 11,397 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 500
| Size |
| 11,397 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Property Taxes
| Parcel Number | 0102580070001 | Improvements Assessment | $1,770,393 |
| Land Assessment | $3,750,000 | Total Assessment | $5,520,393 |
Property Taxes
Contact the Sale Advisor
3131 W Alabama | 3131 W Alabama St