2501 Bagby StHouston, TX 77006

Property Details for 2501 Bagby St

Year built

1999

Construction

CONCRETE BLOCKS

Lot size

1.15 AC

Property size (Sq ft)

18,001 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

330190000002

APU

330190000002

Description

This exceptional retail or restaurant space, totaling 2,275 square feet, is situated within the Plazas at Midtown I, a single-story building at the northeast corner of Bagby and McGowen Streets in Houston, Texas, zip code 77006. The property offers 1,050 to 1,225 square feet of contiguous space, ideal for a variety of uses. Its location in the affluent Midtown submarket provides excellent visibility and accessibility. The area boasts a high density of upscale apartments and residential homes, ensuring a strong customer base. The property benefits from high drive-by traffic along Brazos Street, offering direct access to downtown for city commuters. Nearby establishments include Original Spec's Wines and Finer Foods, Whole Foods, Gloria's, and Dave's Hot Chicken, as well as a vibrant nightlife scene featuring Wonder Bar/77 Degrees, Little Woodrow's, and Dogwood. This is a turnkey opportunity to establish a thriving business in a highly desirable and densely populated area. The entire 2,275 square feet is currently vacant and available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $5,419,353

  6.5%

  $5,002,480

  7%

  $4,645,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,705,002

  Geo Method

  $13,581,085

• Alternative Use

  Use

  Valuation

  Residential

  $4,219,779

  Hospitality

  $3,865,295

  Educational

  $3,215,880

  Medical

  $3,326,479

  Retail

  $5,002,480

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7486

Longitude

-95.3785

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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