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Prime Commercial Building For Sale 5701 Martin Luther King Blvd 3,232 SF Retail Building Houston, TX 77021 $683,730 CAD ($211.55 CAD/SF)

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Investment Highlights

  • *Strategic Location- Convenient to Texas Medical Center and Downtown Houston, William H. Hobby Airport,Port of Houston and NRG Stadium
  • *Versatile Use
  • *Opportunity Zone and Urban Renewal
  • *Seller Financing Available

Executive Summary

Situated in the high-growth OST-South Union area, 5701 Martin Luther King Blvd is a prime commercial opportunity priced aggressively at $499,000. This ~3,232 SF freestanding building sits on a 0.16-acre lot featuring a commanding 230 feet of frontage, ensuring maximum visibility for any business. Located in a federal Opportunity Zone, the property offers significant tax incentives and sits within minutes of the Texas Medical Center, the University of Houston, and Downtown, making it a strategic hub for medical offices, retail, or creative professional suites.
The surrounding corridor is currently undergoing a massive urban revitalization, with a surge of new residential developments and infrastructure upgrades driving consistent value appreciation. With its proximity to I-610 and Hwy 288, this location provides seamless access for both local commuters and the thousands of daily visitors to the nearby medical and academic districts. Whether you are looking to launch a flagship location or secure a high-yield asset in one of Houston’s most promising neighborhoods, this versatile property is positioned for immediate impact and long-term growth.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,232 SF
Building Class
B
Year Built
1975
Price
$683,730 CAD
Price Per SF
$211.55 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
Commerical - Commercial
Parking
24 Spaces (7.43 Spaces per 1,000 SF Leased)
Frontage
230’ on Martin Luther King Blvd

Amenities

  • 24 Hour Access
  • Bus Line
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Rent-A-Center
Sunbelt Rentals-climate Control
Fiesta Mart
H-e-b Pharmacy
Bank OZK

Property Taxes

Property Taxes

Parcel Number
0410070310027
Land Assessment
$414,483 CAD
Improvements Assessment
$604,202 CAD
Total Assessment
$1,018,685 CAD
  • Listing ID: 39558862

  • Date on Market: 2024-02-01

  • Last Updated:

  • Address: 5701 Martin Luther King Blvd, Houston, TX 77021

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