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114 W Drew St 3,362 SF Office Building Houston, TX 77006 $1,675,104 CAD ($498.25 CAD/SF) 6.72% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Montrose Location – In the heart of one of Houston’s most vibrant and walkable neighborhoods, surrounded by restaurants, retail, and culture.
- Expansion Potential – Additional lot available behind the property, offering room for growth, parking, or redevelopment.
- Versatile 3,362 SF Space – Ideal for restaurant, office, or retail use; perfectly suited for a user or owner-operator.
EXECUTIVE SUMMARY
For Sale – 114 West Drew Street | $1,200,000
Discover a rare opportunity in the vibrant heart of Montrose! This 3,362 SF property sits on one of the neighborhood’s most dynamic streets, offering unmatched versatility and potential.
Currently configured as an office, this property is well-suited for a wide range of uses — whether you envision it as a restaurant, creative office, retail destination, or mixed-use space, the possibilities are endless.
Perfect for a user or owner-operator, this property combines Montrose’s energetic charm with functional space in a highly sought-after location.
Bonus opportunity: An additional lot directly behind the property is also available for purchase, offering even greater potential for expansion, parking, or future development.
Don’t miss your chance to secure a premier spot in one of Houston’s most iconic and walkable neighborhoods.
Discover a rare opportunity in the vibrant heart of Montrose! This 3,362 SF property sits on one of the neighborhood’s most dynamic streets, offering unmatched versatility and potential.
Currently configured as an office, this property is well-suited for a wide range of uses — whether you envision it as a restaurant, creative office, retail destination, or mixed-use space, the possibilities are endless.
Perfect for a user or owner-operator, this property combines Montrose’s energetic charm with functional space in a highly sought-after location.
Bonus opportunity: An additional lot directly behind the property is also available for purchase, offering even greater potential for expansion, parking, or future development.
Don’t miss your chance to secure a premier spot in one of Houston’s most iconic and walkable neighborhoods.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Building Size
3,362 SF
Building Class
C
Year Built
1965
Price
$1,675,104 CAD
Price Per SF
$498.25 CAD
Cap Rate
6.72%
NOI
$112,634 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,362 SF
Building FAR
0.70
Lot Size
0.11 AC
Zoning
Commercial - No Zoning!!! Perfect space for a restaurant, office, retail space, distribution center!!!!
FOR SALE 1.2 MILLION
Parking
8 Spaces (2.38 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 0140210000005 | Improvements Assessment | $299,185 CAD |
| Land Assessment | $1,544,136 CAD | Total Assessment | $1,843,321 CAD |
PROPERTY TAXES
Parcel Number
0140210000005
Land Assessment
$1,544,136 CAD
Improvements Assessment
$299,185 CAD
Total Assessment
$1,843,321 CAD
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114 W Drew St
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