819 W Alabama St
Houston, TX 77006
Retail Property For Sale

Offers Due : Wednesday, April 3, 2019 3808 Stanford and 819 West Alabama is a 0.78 acre site within the Montrose/Museum District submarket in Houston, Texas. The subject is located between the Midtown/Downtown and Upper Kirby District and features 2 buildings which include: a 3,360 SF retail center on 819 W. Alabama St.(Built in 1930, previously housed a restaurant and treatment center) and a 5,222 SF multifamily apartment on 3808 Stanford St. (Built in 1940, 2 stories, with a total of 8 units and average unit size of 552 SF). The Montrose District has received recognition as one of the most exciting urban communities in the country. (www.MontroseDistrict.org). The majority of land in Montrose is used for single-family, multifamily, or retail. West Alabama is considered one of the most important thoroughfares in the area because of its wide variety of dining, entertainment and shopping centers. Most businesses in the area are small family operated enterprises which gives Montrose character that is unique in Houston. The Montrose District has a total of over 3,500 businesses and 16,000 employees. Other major employment centers within 3 miles distance include : Greenway Plaza (755 businesses/ 25,000 employees), Texas Medical Center (15 hospitals/3 medical schools/ 106,000 employees), and Houston’s Central Business District (3,500 businesses /150,000 employees). The site is in close proximity to Houston’s top-ranked educational institutions, the Museum District (the sixth largest museum district in the U.S. with over 8 million visitors per year), and many other entertainment destinations. Montrose has a high demand for new retail, restaurant, and residential concepts. 3808 Stanford and 819 West Alabama offers investors an exceptional opportunity to develop an underutilized property inside Houston’s Urban Core.