402 Main St
Houston, TX 77002
Citizens Bank Bldg · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Build in 1920
- Street Parking
- Contract parking available at One Market Square Garage
- 48486 SF Building
- 2 Elevators
- Facade restoration in 2015
EXECUTIVE SUMMARY
The Former Citizens Bank Building is a prime redevelopment opportunity for office, residential, or hospitality located on Main Street at Preston in front of the Metro Rail stop. The building can be delivered vacant or with minimal cash flow.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Building Size
44,754 SF
Building Class
B
Year Built/Renovated
1920/2000
Percent Leased
100%
Tenancy
Multiple
Building Height
11 Stories
Typical Floor Size
4,068 SF
Slab To Slab
11’
Building FAR
9.34
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
None
AMENITIES
- Controlled Access
- Property Manager on Site
PROPERTY TAXES
| Parcel Number | 0010440000020 | Improvements Assessment | $3,390,391 |
| Land Assessment | $753,150 | Total Assessment | $4,143,541 |
