714 Yale StHouston, TX 77007

Property Details for 714 Yale St

Year built

2016

Construction

STEEL FRAME

Lot size

0.93 AC

Property size (Sq ft)

21,335 SF

Property type

Retail properties

Property subtype

Strip malls

APN

202640070001

APU

202640070001

Description

This exceptional 40,000-square-foot single-tenant retail or restaurant space is ideally located at 714 Yale Street in Houston, Texas, within Harris County, zip code 77007. The property is part of the Heights Mercantile development, a thoughtfully designed project that reimagines a historic Houston location. Its prime position offers excellent visibility and accessibility, situated near the Heights Bike Trail and Heights Boulevard Running Trail, ensuring high foot traffic and visibility. The development boasts a modern yet warm atmosphere, attracting a mix of local and national businesses. The building's design fosters a strong sense of community and provides an attractive environment for both customers and employees. This completely vacant space presents a unique opportunity for a single tenant to establish a significant presence in a thriving, established neighborhood. The property's size and location make it suitable for a variety of retail or restaurant concepts. The building's design and the surrounding area's character create a desirable destination for consumers. This is a rare chance to secure a substantial, high-profile space in a highly sought-after Houston location. The property's current owners, Asana Partners, maintain a commitment to high-quality tenants and a vibrant community atmosphere. This is an unparalleled opportunity to establish a flagship location in a dynamic and growing area of Houston.

• CAP approach

  CAP return

  Valuation

  6%

  $6,423,082

  6.5%

  $5,928,998

  7%

  $5,505,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,946,848

  Geo Method

  $16,096,464

• Alternative Use

  Use

  Valuation

  Residential

  $5,001,332

  Hospitality

  $4,581,194

  Educational

  $3,811,499

  Medical

  $3,942,582

  Retail

  $5,928,998

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7839

Longitude

-95.3985

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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