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4550 Post Oak Place Dr - Redevelopment Opportunity with Current Income 3.73 Acres of Commercial Land Offered at $27,992,482 CAD in Houston, TX 77027
Investment Highlights
- 3.725 unrestricted acres
- Perfectly suited for senior living, boutique hotel, luxury retail, high-end multi-family / condominium development, or a mixed-use concept
- Inside Loop 610 near River Oaks District, Uptown Park and Memorial Park
- 211,420 SF existing office building with 61.45% occupancy, providing interim cash flow
- Adjacent 3.006 acre parcel is under contract
- Minutes from The Galleria, Memorial Park and Highland Village
Executive Summary
Positioned in one of Houston’s most sought-after infill locations, 4550 Post Oak Place Drive presents a rare opportunity to develop 3.725 unrestricted acres near River Oaks, Uptown and the Galleria.
The site is ideally suited for a boutique hotel, luxury multifamily, condominium or mixed-use development. The existing 211,420-square-foot office building is currently 61.45% occupied, providing interim cash flow while redevelopment plans are finalized. Redevelopment lease provisions offer additional flexibility ahead of tenant terminations in December 2027.
The site is ideally suited for a boutique hotel, luxury multifamily, condominium or mixed-use development. The existing 211,420-square-foot office building is currently 61.45% occupied, providing interim cash flow while redevelopment plans are finalized. Redevelopment lease provisions offer additional flexibility ahead of tenant terminations in December 2027.
Property Facts
1 Lot Available
Lot
| Price | $27,992,482 CAD | Lot Size | 3.73 AC |
| Price Per AC | $7,512,743.35 CAD |
| Price | $27,992,482 CAD |
| Price Per AC | $7,512,743.35 CAD |
| Lot Size | 3.73 AC |
This site is perfectly suited for boutique hotel, luxury retail, high-end multi-family or condominium development, or a mixed-use concept that capitalizes on the area’s upscale character and strong demand for premium offerings.
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1040890000004 | Improvements Assessment | $7,662,125 CAD |
| Land Assessment | $10,150,603 CAD | Total Assessment | $17,812,728 CAD |
Property Taxes
Parcel Number
1040890000004
Land Assessment
$10,150,603 CAD
Improvements Assessment
$7,662,125 CAD
Total Assessment
$17,812,728 CAD
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4550 Post Oak Place Dr - Redevelopment Opportunity with Current Income
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