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±1.36 Acre Medical Center Development Site 7807 Main St 47,916 SF Retail Building Houston, TX 77030 $8,585,595 ($179.18/SF)
Investment Highlights
- Price/SF (Land): $145.00
- Zoning: No zoning restrictions
- Existing Improvements: ±47,918 SF of Shell Flex Office
- Frontage: ±301 Feet of Main Street Frontage (±197 Feet of Parcel Depth)
Executive Summary
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 Texas Medical Center and ½ of a mile from NRG Stadium. Given its ample frontage to a primary retail thoroughfare of Texas 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.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
47,916 SF
Building Class
B
Year Built
1983
Price
$8,585,595
Price Per SF
$179.18
Tenancy
Single
Building Height
3 Stories
Building FAR
0.81
Lot Size
1.36 AC
Opportunity Zone
Yes
Parking
90 Spaces (1.87 Spaces per 1,000 SF Leased)
Exceptionally walkable
90/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0440920000940 | Improvements Assessment | $846,503 |
| Land Assessment | $1,776,330 | Total Assessment | $2,622,833 |
Property Taxes
Parcel Number
0440920000940
Land Assessment
$1,776,330
Improvements Assessment
$846,503
Total Assessment
$2,622,833
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