1203 34Th StHouston, TX 77018
- Retail properties
- 9,400 SF
Property Details for 1203 34Th St
- Year built
- 1965
- Construction
- STEEL FRAME
- Lot size
- 0.79 AC
- Property size (Sq ft)
- 9,400 SF
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 580930000010
- APU
- 580930000010
Description
This exceptional retail opportunity is located at 1203 W 34th St, Houston, TX 77018, at the southwest corner of W 34th St and Alba Rd in the Garden Oaks submarket. The property consists of a single, renovated (2019) building totaling 8,000 square feet, currently offering 3,172 square feet of vacant space. The available space is divisible to a minimum of 1,000 square feet and can accommodate up to 3,172 contiguous square feet, making it ideal for a variety of uses including medical, restaurant, veterinary, daycare, boutique fitness, or service businesses. The center benefits from ample parking with 60 spaces available. Current co-tenants include Slowpokes Coffee, The Core Lab Pilates, and a general dentist, providing strong synergy and foot traffic. The location boasts high-end demographics, with average household incomes exceeding $172,000 within a one-mile radius. Furthermore, the proximity to a recently completed Class A multi-family development by Hines and a concentration of 100,000 employees within a three-mile radius ensures robust daytime traffic and a large potential customer base. This prime end-cap space presents a unique opportunity to establish a thriving business in a vibrant and affluent Houston neighborhood.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,829,949
- 6.5%
- $2,612,261
- 7%
- $2,425,671
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,501,306
- Geo Method
- $7,091,950
-
Alternative Use
- Use
- Valuation
- Residential
- $2,203,540
- Hospitality
- $2,018,431
- Educational
- $1,679,311
- Medical
- $1,737,065
- Retail
- $2,612,261
Location Insight
- City
- Houston
- County
- Harris
- State
- Texas
- Latitude
- 29.8169
- Longitude
- -95.4206
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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