500 N Shepherd Dr 1.78 Acres of Commercial Land in Houston, TX 77007

Located at the high-traffic entrance to The Heights just north of I-10, 500 N Shepherd Drive offers a rare opportunity for investors and developers to acquire a first-class, unrestricted property in one of Houston’s most rapidly evolving urban corridors.
The site features 38,712 SF of existing improvements on a prominent parcel with excellent visibility and accessibility. Current structures include a fully operational commercial kitchen and restaurant, as well as a flex/event warehouse space, offering immediate utility and potential for interim cash flow. Ample on-site parking supports a wide range of future uses.
With no zoning restrictions, the property is ideally suited for redevelopment into retail, mixed-use, hospitality, or entertainment concepts. The surrounding area continues to attract strong residential and commercial growth, driven by demand for walkable, amenity-rich environments.
Investment Highlights:
Premier location at The Heights gateway
Unrestricted site – ideal for redevelopment
Strong frontage on N Shepherd with I-10 access
Income-producing improvements with flexible reuse potential
High-growth submarket with favorable demographics
This is a strategic acquisition opportunity in a submarket with proven upside and limited supply of comparable sites. Perfect for value-add investors, developers, and land assemblers targeting core Houston locations.
Parking: 70+ spaces