3414 Washington AveHouston, TX 77007

Property Details for 3414 Washington Ave

Year built

2005

Construction

BRICK

Lot size

0.37 AC

Property size (Sq ft)

3,270 SF

Property type

Turn key restaurants

APN

1334290010001

APU

1334290010001

Description

This exceptional 4,545-square-foot restaurant space, located at 3414 Washington Ave in Houston, Texas (zip code 77007), presents a unique opportunity for a variety of food and beverage concepts. Situated on a substantial 16,152-acre lot, the property boasts 27 parking spaces, ensuring ample convenience for patrons. The building's previous tenant operated a successful full-service artisan bistro, craft bar, and urban market, with the bistro and bar occupying the upper level. The ground floor housed a market featuring artisan and gourmet groceries, a bakery, and a café. This versatile space is ideal for a single-tenant operation and offers a fully equipped kitchen and ample space for dining, retail, or a combination thereof. The property's address is 3414 Washington Ave, Houston, TX 77007, and its Harris County APN is 1334290010001. The cross street is Wagner St. The property is ready for immediate occupancy, offering a turnkey solution for a discerning restaurateur or entrepreneur seeking a high-visibility location in a vibrant Houston neighborhood. The substantial lot size provides significant potential for future expansion or outdoor seating. This is a rare opportunity to acquire a well-located, established restaurant space with significant potential for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $792,276

  6.5%

  $731,332

  7%

  $679,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $502,670

  Geo Method

  $1,018,170

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,455,080

  Mixed-Use / Specialty

  $717,040

  Hospitality / Lodging

  $510,857

  Office

  $700,611

  Institutional / Educational

  $741,257

  Residential Income

  $867,271

  Multifamily

  $1,104,930

  Automotive / Energy

  $635,363

  Parking / Income-Based Land

  $230,800

  Restaurant / Food Service

  $348,002

  Healthcare / Senior Housing

  $747,294

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7696

Longitude

-95.3947

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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