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- LoopNet Team
2303 Smith St
Houston, TX 77006
Midtown Urban Retail Investment Opportunity · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Top MSA
- Epicenter of the Midtown Entertainment & Nightlife Scene
- Dynamic & High-Income Demographics
- Houston's Most Walkable Urban "Cool Street" District
- New Long Term Leases In-Place
- Grocery Shadow-Anchored Asset
PROPERTY FACTS
ABOUT 2303 SMITH ST , HOUSTON, TX 77006
Cushman & Wakefield is pleased to present Midtown Houston (the “Property”), a generational investment opportunity located in the heart of Midtown (the “District”), one of the fastest and most dynamic submarkets in the Houston MSA. The Property is one of Midtown’s most popular nightlife destinations, generating nearly 25% of all alcohol sales in the District (approximately $9 million). Midtown Houston is currently 95% leased to six high quality tenants in nearly 43,000 square feet of leasable area on just over an acre of land, providing a relatively low 0.9 floor area ratio (FAR). This is considerably lower than the new mid-to-high rise developments occurring in the District, which include 27 to 29 story residential high rises. This phenomenon has created a unique opportunity to capitalize on a low-density, cash-flowing asset in a high-density environment.
PROPERTY TAXES
| Parcel Number | 0081910000007 | Improvements Assessment | $537,730 |
| Land Assessment | $562,500 | Total Assessment | $1,100,230 |
PROPERTY TAXES
