700 W Houston St
Marshall, TX 75670

Newmark Knight Frank’s (NKF) Capital Markets team, is pleased to present the opportunity to acquire 700 West Houston Street, educational facility, located on the southwest corner of the West Houston Street and South Colle Street, in Marshall, Texas. 700 West Houston Street offers investors the opportunity to purchase a well established asset, with a value-add opportunity featuring a total combined leasable area of 130,000 SF± designed for educational use. This property can also be seen as a redevelopment opportunity below replacement cost. Featuring expansive frontage along Houston Street, the property is situated within Marshall’s premiere educational enclave. The Property positions itself as one of the area’s dominant educational attractions along with top-performing colleges such as East Texas Baptist University – located just 1.1 miles north of the educational facility and Wiley College – located 0.6 miles south of the facility. The subject Property is surrounded by residential neighborhoods and city parks. This former educational facility features three-stories totaling approximately 130,000 square feet. There are three parking lots and three tennis courts on a park-like setting of 9.72 acres. Previously used as Marshall High School, the Property became Marshall Junior High school until 2017 when a new school was built. The building features two commercial kitchens and cafeterias along with boys’ and girls’ gyms with hardwood floors and bleachers, locker rooms, shower, choir rooms and two auditoriums. The Property has multiple points of ingress/egress along with high visibility from West Houston St, South College St and Whetstone St. The school lies in an Opportunity Zone, which will provide an investor the ability to capitalize on long term tax incentives while purchasing at a low cost basis. Additionally, the city’s zoning classification for the site allows for a multitude of avenues in repositioning the asset.