6402 Harrisburg BlvdHouston, TX 77011

Property Details for 6402 Harrisburg Blvd

Year built

1950

Construction

BRICK

Lot size

0.31 AC

Property size (Sq ft)

8,866 SF

Property type

Retail space

APN

371710000006

APU

371710000006

Description

The Magnolia Social offers a unique 8,866 square foot multi-tenant space, perfect for a variety of businesses. Built in 1950, this single-building property features a traditional office layout adaptable to creative office or executive office needs. The flexible floor plan allows for customization to suit diverse business requirements, with high ceilings and large windows creating a bright and inviting atmosphere. Ample parking is available for tenants and clients. This versatile space is ideal for businesses seeking a blend of retail, office, or even event hosting capabilities, potentially including a ghost kitchen. Located in a thriving area with a mix of residential, commercial, and entertainment options, this property benefits from a diverse and robust customer base. Its position in a rapidly developing neighborhood presents a significant opportunity for long-term appreciation and growth, making it an excellent investment. The property's adaptability encourages local business engagement and community involvement, further enhancing its appeal and potential for success. The building includes an elevator for convenient access. One space is currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $2,669,184

  6.5%

  $2,463,862

  7%

  $2,287,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,302,402

  Geo Method

  $6,689,067

• Alternative Use

  Use

  Valuation

  Residential

  $2,078,360

  Hospitality

  $1,903,767

  Educational

  $1,583,912

  Medical

  $1,638,385

  Retail

  $2,463,862

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7385

Longitude

-95.3128

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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