4720 Washington AveHouston, TX 77007

Property Details for 4720 Washington Ave

Year built

2005

Construction

WOOD FRAME

Lot size

1.44 AC

Property size (Sq ft)

19,374 SF

Property type

Retail properties

Property subtype

Strip malls

APN

1275290010001

APU

1275290010001

Description

This exceptional retail opportunity is located at 4720 Washington Avenue in Houston, Texas, within the vibrant 77007 zip code. The property, known as Washington Square, offers a single available space totaling 2,430 square feet, ideal for a variety of commercial uses. Situated on the highly visible corner of Washington Avenue and Shepherd Drive, this location benefits from exceptional visibility and accessibility. The area is experiencing significant growth, surrounded by new multifamily and mixed-use developments, ensuring a strong and affluent customer base. Washington Square provides multiple convenient access points from Washington Avenue, Shepherd Drive, and Parker Street, enhancing customer convenience and ease of access. The property is classified as retail, commercial, and restaurant-suitable, offering flexibility for various business types. This Harris County location presents a unique chance to establish a thriving business within a dynamic and rapidly developing neighborhood. The property's strategic location and surrounding development make it an attractive investment opportunity for businesses seeking high visibility and a strong customer base in a prime Houston location. The space is available for lease and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $5,832,706

  6.5%

  $5,384,036

  7%

  $4,999,462

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,216,416

  Geo Method

  $14,616,962

• Alternative Use

  Use

  Valuation

  Residential

  $4,541,636

  Hospitality

  $4,160,114

  Educational

  $3,461,166

  Medical

  $3,580,201

  Retail

  $5,384,036

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7709

Longitude

-95.4089

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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