Land

2.089 Acres in Midtown

Dennis St And Main St, Houston, TX, 77002, US

Executive Summarydownload
2.089 Acres in Midtown_Property for Sale

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2.089 Acres in Midtown 2_Property for Sale

Asset description

Jones Lang LaSalle, on behalf of the owner, is pleased to present the opportunity to purchase ±2.089 acres on the east side of Main Street between Drew St. and McGowen (“the Property”) in Houston’s premier Midtown submarket. The Property is located along Houston’s Metro Red Line directly adjacent to the McGowen stop. Located less than one half mile from Downtown, the Property lies squarely in the middle of Houston’s #1 Live, Work, Play environment with walkability to countless urban amenities including parks, bars, restaurants and grocers. The site sits on over 1.5 city blocks in a qualified opportunity zone along one of Midtown’s most visible corridors, making it an ideal candidate for a wide variety of development uses.

Attributes

Land area Gross
2.08 acres (90,605 sf)

Investment highlights

»Located in Midtown, Houston’s top live, work, play submarket. Midtown is one of Houston’s most walkable neighborhoods and borders the fast growing neighborhoods of EADO and Montrose, both of which have a growing affluent population and increasingly popular entertainment districts.

» No zoning regulations allows for flexible development options across all product types with no pre-determined use.

» Immediate accessibility to Downtown and the Texas Medical Center make Midtown an ideal location to live for employees in a wide variety of industries. For those with longer commutes, Midtown offers easy accessibility to Houston’s highway infrastructure with access to I-59, I-45, and Highway 288.

» Located directly adjacent to the McGowen Metro Red Line stop, the Property offers future users unparalleled access to the city’s growing transportation system.

» Located next to Midtown Park, a popular location for a wide variety of festivals including music, food and arts.

» Affluent neighborhood demographics - $118,000 average household income in a 3-mile radius.

» Dense urban area with 204,000 residents within a 3-mile radius

» Located within a Qualified Opportunity Zone allowing ownership the ability to significantly reduce capital gains obligations

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Last updated
Nov 28, 2022