2450 Louisiana StHouston, TX 77006

Property Details for 2450 Louisiana St

Year built

1999

Construction

STEEL FRAME

Lot size

0.86 AC

Property size (Sq ft)

13,784 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1202710010001

APU

1202710010001

Description

This exceptional 1,848-square-foot retail space is situated within the Plazas at Midtown II shopping center, a single-story building in Houston's vibrant Midtown submarket. Located at the northeast corner of Louisiana Street and McGowen, this second-generation space offers immediate access to high-traffic Louisiana Street, providing excellent visibility and drive-by exposure for businesses. The property benefits from its location in a densely populated area surrounded by upscale apartments and residential homes, ensuring a strong customer base. The thriving Midtown area boasts a robust nightlife scene with popular establishments such as Wonder Bar/77 Degrees, Little Woodrow's, and Dogwood, in addition to well-known retailers and restaurants including Original Spec's Wines and Finer Foods, Gloria's, and Dave's Hot Chicken. This prime location offers city commuters direct access to downtown Houston, making it an ideal space for a variety of retail businesses. The property is currently occupied but available. This space presents a unique opportunity to establish a business in a high-demand, affluent area with significant foot and vehicle traffic. The property is located in Harris County, Texas, with a zip code of 77006.

• CAP approach

  CAP return

  Valuation

  6%

  $4,149,790

  6.5%

  $3,830,575

  7%

  $3,556,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,134,256

  Geo Method

  $10,399,515

• Alternative Use

  Use

  Valuation

  Residential

  $3,231,233

  Hospitality

  $2,959,792

  Educational

  $2,462,512

  Medical

  $2,547,202

  Retail

  $3,830,575

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7474

Longitude

-95.3768

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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