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805 Franklin St - 99-Year Ground Lease Under Parking Garage

142,000 SF Specialty Building Offered at $5,489,000 at a 5.25% Cap Rate in Houston, TX 77002

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Investment Highlights

Fee Simple Interest secured by long term ground lease to 300-space public parking garage
Located in the heart of Houston’s CBD adjacent to Market Square Park

Urban infill location uniquely positioned to capture transient parking visitors (94 Walk Score ranking)

805 Franklin_Master_OM_V3

Property Facts

Price	$5,489,000	Lot Size	0.35 AC
Price Per SF	$39	Building Size	142,000 SF
Sale Type	Investment	No. Stories	10
Cap Rate	5.25%	Year Built	2017
Property Type	Specialty	Tenancy	Single
Property Subtype	Parking Lot Specialty Parking Garage	Parking Ratio	8.81/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$5,489,000
Price Per SF	$39
Sale Type	Investment
Cap Rate	5.25%
Property Type	Specialty
Property Subtype	Parking Lot Specialty Parking Garage
Building Class	C
Lot Size	0.35 AC
Building Size	142,000 SF
No. Stories	10
Year Built	2017
Tenancy	Single
Parking Ratio	8.81/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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Walk Score ®

Walker's Paradise (93)

Transit Score ®

Excellent Transit (87)

Bike Score ®

Very Bikeable (76)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	1376510010001	Improvements Assessment	$4,465,400
Land Assessment	$1,514,600	Total Assessment	$5,980,000

PROPERTY TAXES

Parcel Number

1376510010001

Land Assessment

$1,514,600

Improvements Assessment

$4,465,400

Total Assessment

$5,980,000

zoning

Zoning Code	F1 (Real Commercial)
F1 (Real Commercial)

Listing ID: 32487961
Date on Market: 7/17/2024
Last Updated:
Address: 805 Franklin St, Houston, TX 77002

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805 Franklin St, Houston, TX for sale Building Photo- Image 1 of 9 — 805 Franklin_Master_OM COVER IMAGE

805 Franklin St, Houston, TX for sale Building Photo- Image 2 of 9 — 805 Franklin Street Houston, TX DB (2 of 19)

805 Franklin St, Houston, TX for sale Building Photo- Image 3 of 9 — 805 Franklin Street Houston, TX DB (17 of 19)

805 Franklin St, Houston, TX for sale Building Photo- Image 4 of 9 — 805 Franklin Street Houston, TX DB (19 of 19)

805 Franklin St, Houston, TX for sale Building Photo- Image 5 of 9 — 805 Franklin Street Houston, TX DB (9 of 19)

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805 Franklin St, Houston, TX for sale Building Photo- Image 7 of 9 — 805 Franklin Street Houston, TX DB (15 of 19)

805 Franklin St, Houston, TX for sale Building Photo- Image 8 of 9 — 805 Franklin Street Houston, TX DB (5 of 19)

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