601 Travis StHouston, TX 77002

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 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.

• 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

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

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