601 Travis StHouston, TX 77002

  • Office properties
  • 372,711 SF
For Lease

Property Details for 601 Travis St

Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.51 AC
Property size (Sq ft)
372,711 SF
Property type
Office properties
Property subtype
Office buildings
APN
10680000006
APU
10680000006

Description

This exceptional restaurant opportunity is located within the prestigious 601 Travis building, a 20-story Class A high-rise boasting 400,000 square feet of space. The 5,544 square foot single-tenant retail space enjoys a highly visible Main Street frontage, capitalizing on significant pedestrian traffic and contributing to the vibrant urban atmosphere. Its strategic location provides direct access to the Houston Light Rail, ensuring convenient public transportation for both employees and patrons. The building itself offers unparalleled convenience with twelve floors dedicated to visitor parking, addressing the crucial need for ample parking in a bustling downtown area. This is a rare chance to secure a prominent restaurant space in a landmark building, perfectly positioned to thrive in Houston's dynamic downtown core. The property is located in Harris County and is classified as a single-tenant retail space of the restaurant subtype. The building's impressive size and amenities create a desirable environment for both business and clientele. This opportunity presents a unique blend of high visibility, convenient access, and ample parking, making it an ideal location for a successful restaurant venture.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $76,331,832
    6.5%
    $70,460,152
    7%
    $65,427,284
  • Comparable approach

    Method
    Valuation
    Relative Method
    $55,090,148
    Geo Method
    $111,585,944
  • Alternative Use

    Use
    Valuation
    Residential
    $87,370,592
    Hospitality
    $80,030,992
    Educational
    $66,584,844
    Medical
    $68,874,800
    Retail
    $103,576,424
601 Travis St, Houston, Texas

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.76
Longitude
-95.3632
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,293,262
$11,140,500
$53,044,391
$64,184,891
-
$11,140,500
$53,044,391
$64,184,891

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].