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Investment Highlights
- Existing eighty-year ground lease provides passive income potential.
- Located within Houston's central business district.
- Offered for sale at land value.
- Ground rent is due regardless of building occupancy.
- Part of the approximately 1,047,748 SF KBR Tower property.
- Positioned within a prominent downtown Houston location.
Executive Summary
601 Jefferson Street presents the opportunity to acquire a ground lease interest in a prominent downtown Houston location. The offering consists of approximately 10,264 square feet of land that is part of the larger KBR Tower footprint, a landmark office property totaling approximately 1,047,748 square feet. The asset is being offered at land value with an existing eighty-year ground lease in place, providing a passive income structure supported by contractual ground rent obligations.
Located within Houston's central business district, the property benefits from immediate access to the region's primary employment, government, legal, and commercial centers. Downtown Houston continues to serve as one of the largest business hubs in the United States, supported by a diverse economic base that includes energy, engineering, healthcare, finance, and technology employers. The property's position within the urban core provides connectivity to major transportation corridors, public transit options, and a broad range of amenities that support long-term real estate demand.
The existing ground lease structure offers investors an opportunity to acquire a fee interest in a downtown land asset while benefiting from established occupancy within the improvements situated on the site. The flyer notes that ground rent is due regardless of building occupancy, creating a contractual income component associated with the lease arrangement. Combined with its location within a major office tower and Houston's established central business district, the property offers exposure to a well-known downtown asset and long-term land ownership potential.
Located within Houston's central business district, the property benefits from immediate access to the region's primary employment, government, legal, and commercial centers. Downtown Houston continues to serve as one of the largest business hubs in the United States, supported by a diverse economic base that includes energy, engineering, healthcare, finance, and technology employers. The property's position within the urban core provides connectivity to major transportation corridors, public transit options, and a broad range of amenities that support long-term real estate demand.
The existing ground lease structure offers investors an opportunity to acquire a fee interest in a downtown land asset while benefiting from established occupancy within the improvements situated on the site. The flyer notes that ground rent is due regardless of building occupancy, creating a contractual income component associated with the lease arrangement. Combined with its location within a major office tower and Houston's established central business district, the property offers exposure to a well-known downtown asset and long-term land ownership potential.
Property Facts
| Price | $4,132,800 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.24 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $4,132,800 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.24 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $4,132,800 CAD | Lot Size | 0.24 AC |
| Price Per AC | $17,219,999.43 CAD |
| Price | $4,132,800 CAD |
| Price Per AC | $17,219,999.43 CAD |
| Lot Size | 0.24 AC |
Downtown Houston ground lease investment with an 80-year lease in place. Part of the KBR Tower footprint and offered at land value with contractual ground rent obligations.
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Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0943680000030 | Improvements Assessment | $0 CAD |
| Land Assessment | $5,560,166 CAD | Total Assessment | $5,560,166 CAD |
Property Taxes
Parcel Number
0943680000030
Land Assessment
$5,560,166 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,560,166 CAD
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601 Jefferson St
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