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4216-4218 Washington Ave 4218 Washington Ave 4,600 SF 100% Leased Retail Building Houston, TX 77007 $2,427,075 CAD ($527.62 CAD/SF)
Investment Highlights
- ±4,600 SF total building area (4216: ±2,700 SF | 4218: ±1,900 SF)
- Two individually metered spaces, each with private access, restrooms, and bar area
- Adjacent gravel parking lot with +/- 10 spots
- Two individually metered spaces, each with private access, restrooms, and bar area
- Outdoor patios at both units; ±300 SF storage building with walk in cooler at 4216
- Second generation bar
Executive Summary
Rare owner-user or investor opportunity in the heart of the Washington Corridor. This property offers +/-4,600 SF of bar space including in two separate bar areas and two separate electrical meters along one of Houston's most active Inner Loop retail corridors. The building will be delivered vacant at closing, giving a buyer a clean slate to move in, renovate, or reposition. Positioned among the corridor's dense mix of bars, restaurants, and boutique retail, the site benefits from strong daily traffic counts and a trade area with median household income above $118,000 within three miles.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Bar
Building Size
4,600 SF
Building Class
B
Year Built/Renovated
1910/2008
Price
$2,427,075 CAD
Price Per SF
$527.62 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.33 AC
Zoning
None - N/A
Parking
12 Spaces (2.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Restaurant
- Air Conditioning
- Cafe
- Awning
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0250400000180 | Improvements Assessment | $554,195 CAD |
| Land Assessment | $1,892,696 CAD | Total Assessment | $2,446,891 CAD |
Property Taxes
Parcel Number
0250400000180
Land Assessment
$1,892,696 CAD
Improvements Assessment
$554,195 CAD
Total Assessment
$2,446,891 CAD
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4216-4218 Washington Ave | 4218 Washington Ave
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