3311 Houston Ave | Houston, TX 77009
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3311 Houston Ave
Houston, TX 77009
Houston Ave Mixed Use Investment Property · Retail Property For Sale
Investment Highlights
- Prime Investment Opportunity: Retail and Multifamily Property in The Heights, Houston Highlights
- Mixed-Use: Retail spaces on the ground floor, multifamily units above.
- Investment: Rising property values, high occupancy rates, strong rental yields.
- Location: Minutes from Downtown Houston, high visibility on a major thoroughfare.
- Community: Surrounded by trendy shops, restaurants, and cafes.
Executive Summary
Heights Retail Market Overview:
The Inner Loop/Heights Submarket accounts for a large percentage of what comprises Houston's core. Over the past few years, the area has seen significant affluent population gains which has pushed spending power higher. Many flocked to the Heights to purchase and renovate some of the historic homes (and sometimes demolish them to build newer, upscale housing). This area is home to one of Houston's largest inventories of historic single-family homes and commercial buildings, which have soared in value. Land prices in many cases have more than doubled here in the past decade!
Heights Multifamily Market Overview:
The Heights is one of Houston's most sought-after areas by renters, developers, and investors. This fast-gentrifying area near downtown is home to one of Houston's largest inventories of historic single-family neighborhoods that, in the past, appeared to have high barriers to entry. However, developers have gotten savvier in recent years in acquiring plots of land for new development
The Inner Loop/Heights Submarket accounts for a large percentage of what comprises Houston's core. Over the past few years, the area has seen significant affluent population gains which has pushed spending power higher. Many flocked to the Heights to purchase and renovate some of the historic homes (and sometimes demolish them to build newer, upscale housing). This area is home to one of Houston's largest inventories of historic single-family homes and commercial buildings, which have soared in value. Land prices in many cases have more than doubled here in the past decade!
Heights Multifamily Market Overview:
The Heights is one of Houston's most sought-after areas by renters, developers, and investors. This fast-gentrifying area near downtown is home to one of Houston's largest inventories of historic single-family neighborhoods that, in the past, appeared to have high barriers to entry. However, developers have gotten savvier in recent years in acquiring plots of land for new development
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,548 SF
Building Class
C
Year Built/Renovated
1958/2023
NOI
$67,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.70
Lot Size
0.15 AC
Zoning
None
Parking
12 Spaces (2.64 Spaces per 1,000 SF Leased)
Frontage
75 FT on Houston Ave
PROPERTY TAXES
| Parcel Number | 0372660000009 | Improvements Assessment | $451,073 |
| Land Assessment | $682,500 | Total Assessment | $1,133,573 |
PROPERTY TAXES
Parcel Number
0372660000009
Land Assessment
$682,500
Improvements Assessment
$451,073
Total Assessment
$1,133,573
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