1709 Dryden RdHouston, TX 77030

Property Details for 1709 Dryden Rd

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.28 AC

Property size (Sq ft)

171,488 SF

Property type

Hotels

Property subtype

Motels

APN

440970000062

APU

440970000062

Description

This exceptional 1,854 square foot medical office space is located within the vibrant Medical Center Crossing in Houston, Texas. Situated at 1709 Dryden Rd, 77030, this property benefits from its prime location in the heart of the Texas Medical Center, boasting unparalleled foot traffic. The building, a completely renovated historic structure, offers a total of 25,000 square feet of retail, restaurant, and office space. This specific unit is part of a multi-tenant building, providing a collaborative and dynamic environment. The address is easily accessible, situated near the intersection of Main and Dryden, bounded by Fannin Street, ensuring high visibility and convenient access for patients and staff. The property is classified as Retail, Office, and Restaurant space, with the available unit specifically designated as medical office space. Harris County location provides access to a large and established patient base. The building's renovation includes the addition of a 273+ key Westin Hotel, further enhancing the area's appeal and foot traffic. This presents a unique opportunity to establish or expand a medical practice in a thriving and well-connected location. The space is immediately available.

• CAP approach

  CAP return

  Valuation

  6%

  $39,891,632

  6.5%

  $36,823,048

  7%

  $34,192,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $59,566,668

  Geo Method

  $120,653,208

• Alternative Use

  Use

  Valuation

  Residential

  $40,200,068

  Hospitality

  $36,823,048

  Educational

  $30,636,342

  Medical

  $31,689,972

  Retail

  $47,656,532

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7097

Longitude

-95.4016

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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