Renowned as a global hub for diverse sectors including medicine, research, and aeronautics, Houston stands as a compelling destination for Specialty Properties. As home to the world's most substantial concentration of healthcare and research institutions, it showcases a promising landscape for properties of this type. Houston's infrastructure is conducive to a versatile range of properties, anchored by a robust freeway system with over 25,000 miles of roadways, granting straightforward connectivity. The city's geographical positioning in Southeast Texas near Galveston Bay and the Gulf of Mexico offers a unique draw, while the commitment to education is distinguishable with institutions such as Baylor College of Medicine exhibiting top-of-the-line standards.
Proximity to central attractions like the Museum District and the Theater District, drives added appeal for these properties. As for diversification in investment, potential opportunities extend to shopping centers, residential income properties, and office spaces, further bolstering the city's real estate portfolio. Hotels too find a firm grasp in Houston, benefitting from the high foot traffic drawn by cultural events and the annual Houston Livestock Show and Rodeo.
How many Specialty Properties listings are available for sale in Houston?
Currently, there are 55 Specialty Properties listings available for sale in Houston. Here are some key points to consider:
What factors should I consider when searching for a Specialty Property in Houston?
When looking for a Specialty Property in Houston, three key factors should be considered: the variety of ongoing sectors in the city, the large population, and the city's extensive infrastructure.
- The city's economy is highly diversified with strong sectors in energy, manufacturing, aeronautics, and transportation, which can create unique opportunities for Specialty Properties to cater to these specific industries.
- With the city's large population, the demand for specialized services and establishments is likely high, creating potential for a wide range of Specialty Properties.
How much does it cost to buy a Specialty Property in Houston?
The average price per square foot for Specialty Properties in Houston is $375.
What is the largest Specialty Property available to buy in Houston?
The largest Specialty Property available for sale in Houston is 2,558,725 SF in size. The average size for sale of Specialty Properties in Houston is 107,379 SF, illustrating the variety of available spaces.
Why is Houston an ideal location for Specialty Properties?
Houston is an ideal location for Specialty Properties owing to its significant economic activity, varied industry base, and expansive urbanized landscape, which collectively present diverse opportunities.
Does Houston have a land bank?
Yes, Houston does have a city-run entity known as a
land bank that focuses on acquiring, managing, and repurposing vacant, abandoned, and foreclosed properties.
- The Houston Land Bank, formally known as the Houston Land Assemblage Redevelopment Authority (LARA), was established to reintegrate underutilized land into the local economy.
- This city-run institution aims to promote urban development and affordable housing initiatives within Houston's communities.
- The existence of the Houston Land Bank opens opportunities for Specialty Properties for Sale in Houston, as it fosters controlled urban growth and development, a beneficial factor for potential investors or buyers.
Specialty Properties in Houston - Size Summary
| Specialty Property Size | Square Feet |
| Maximum | 2,558,725 SF |
| Average | 107,379 SF |
| Minimum | 1,125 SF |
Specialty Properties in Houston - Price
| Specialty Property Price | Price Per SF |
| Maximum | $1,950 Per SF |
| Average | $375 Per SF |
| Minimum | $37 Per SF |
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