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Midtown Urban Retail Investment Opportunity 2303 Smith St
42,970 SF Retail Building Houston, TX $15,130,000 ($352/SF) 5.5% Cap Rate
- Top MSA
- Epicenter of the Midtown Entertainment & Nightlife Scene
- Dynamic & High-Income Demographics
- Houston's Most Walkable Urban "Cool Street" District
- New Long Term Leases In-Place
- Grocery Shadow-Anchored Asset
About 2303 Smith St , Houston, TX 77006
Cushman & Wakefield is pleased to present Midtown Houston (the “Property”), a generational investment opportunity located in the heart of Midtown (the “District”), one of the fastest and most dynamic submarkets in the Houston MSA. The Property is one of Midtown’s most popular nightlife destinations, generating nearly 25% of all alcohol sales in the District (approximately $9 million). Midtown Houston is currently 95% leased to six high quality tenants in nearly 43,000 square feet of leasable area on just over an acre of land, providing a relatively low 0.9 floor area ratio (FAR). This is considerably lower than the new mid-to-high rise developments occurring in the District, which include 27 to 29 story residential high rises. This phenomenon has created a unique opportunity to capitalize on a low-density, cash-flowing asset in a high-density environment.
- SF Occupied
- Lease End
- 15,000 SF
- 3rd Floor
- 7,900 SF
- Elevate Strength
- 3,008 SF
- Howl At The Moon
- 6,500 SF
- Pub Fiction
- 8,383 SF
|Tenant||Industry||SF Occupied||Rent/SF||Lease End|
|3rd Floor||-||7,900 SF||-||-|
|Elevate Strength||-||3,008 SF||-||-|
|Howl At The Moon||Retailers/Wholesalers||6,500 SF||-||-|
|Pub Fiction||-||8,383 SF||-||-|
Nearby Major Retailers
|Collection Street||Cross Street||Traffic Volume||Year||Distance|
|Smith St||Hadley St, NE||23,451||2014||0.03 mi|
|Louisiana St||Hadley St, NE||25,692||2014||0.03 mi|
|Milam St||-||13,375||2014||0.09 mi|
|Louisiana St||-||20,660||2018||0.12 mi|
|Mc Ilhenny St||Milam St, N||10,822||2013||0.13 mi|
|McGowen St||Smith St, W||6,055||2018||0.13 mi|
|McGowen St||Smith St, N||6,892||2018||0.15 mi|
|McGowen St||Brazos St, SW||2,321||2018||0.15 mi|
|Webster St||Brazos St, SE||8,263||2018||0.15 mi|
|Travis St||Hadley St, N||20,949||2014||0.16 mi|
McGowen Transit Stop
|8 min walk||0.4 mi|
Downtown Transit Center
|9 min walk||0.5 mi|
Bell Transit Stop
|15 min walk||0.7 mi|
Ensemble/HCC Transit Stop
|18 min walk||0.9 mi|
Main Street Square Transit Stop
|20 min walk||1.0 mi|
William P. Hobby Airport
|25 min drive||12.1 mi|
Houston George Bush Intercontinental Airport
|27 min drive||20.8 mi|
Ellington Field Airport
|38 min drive||22.0 mi|
|Parcel Number||0081910000007||Improvements Assessment||$297,205 (2019)|
|Land Assessment||$450,000 (2019)||Total Assessment||$747,205 (2019)|
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.
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