121 St Emanuel StHouston, TX 77002

Property Details for 121 St Emanuel St

Year built

1940

Construction

BRICK

Lot size

0.50 AC

Property size (Sq ft)

11,372 SF

Property type

Office buildings

APN

11870000005

APU

11870000005

Description

This exceptional mixed-use property, located at 121 St. Emanuel St in Houston, TX 77002, presents a unique investment opportunity. The 7,500 square foot building, originally constructed in 1948 and extensively renovated in 2020, boasts a prestigious Class A designation and a coveted 2022 Good Brick Award from the Preservation Society. The building comprises two units: approximately 6,000 square feet of creative/executive/traditional office space and approximately 1,500 square feet of residential space. Situated on a 21,577 square foot lot, this two-story structure offers unparalleled proximity to major attractions, including Minute Maid Park (two blocks) and Shell Energy Stadium (four blocks). The asking price is $4,950,000, translating to $660 per square foot. The property's prime location is poised for significant appreciation, especially considering the planned Texas Department of Transportation (TxDOT) highway reconstruction project slated to begin in 2024. This project will place major highways underground, creating a direct connection between the property and the downtown skyline, separated only by green spaces. This owner/user investment presents a rare chance to own a piece of Houston's vibrant history and secure a prominent position in the city's evolving landscape. The property is zoned for mixed-use purposes.

• CAP approach

  CAP return

  Valuation

  6%

  $2,329,004

  6.5%

  $2,149,850

  7%

  $1,996,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,680,887

  Geo Method

  $3,404,663

• Alternative Use

  Use

  Valuation

  Residential

  $2,665,814

  Hospitality

  $2,441,872

  Educational

  $2,031,608

  Medical

  $2,101,479

  Retail

  $3,160,280

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7576

Longitude

-95.35

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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