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801 St. Joseph Parkway,
Houston, TX 77002

Asking Price: $16,500,000.00

801 St. Joseph Parkway,
Houston, Tx 77002

Details

Address                                 801 St. Joseph Parkway,
                                                        Houston, Tx 77002

Asking Price                                          $16,500,000.00


Building SF                                               +/-477,981 SF                                               (Per Listing Broker Flyer)

Land SF                                                       32,234.4 SF

Number of Stories                                                   30

Year Built                                                                1972

Listing Broker Details
 

  • See attached and find the GLA on the DD report post.

  • Redevelopment to Serve: Downtown, Midtown, George R. Brown(GRB) Convention Center, Medical Center(MC); Eg: Multi-Family, and Vrbo/Airbnb Rentals. MC receives 7.2 Million Visitors on an Annual Basis. GRB ranks among the 10 largest convention centers in the nation

  • 801 St. Joseph is directly across from Metro's Downtown Transit Center, Metro Bus and Light Rail provides direct access to the GRB and Medical Center.

  • Incentives:                                                                                                 1. City of Houston & Harris County (Sellers are motivated by timing with a cash buyer. Last escrowed Summer 2023 at $14 Million Range)                                                                                                        2. Bill Franks consultant to the last buyer achieved a $17M incentive package from City of Houston/Houston First & TIRZ.           3. Additional incentives may be available from the Houston Redevelopment Authority

  • Due Diligence Report Attached and Produced by Jorge Munoz of Muniz Albin Architects maker of the GLA and the DD:                          23 Floors Residential, Lobby Floor Retail, Basement

Asking Price: $16,500,000.00

Architect Notes

 

"Julian, the existing structure has 294,916 SF gross residential and can yield approx: 201,845 SF of Net Rentable Area. We have a way to increase that number to 353K Gross for a 248K Net. Please keep me informed if your sale gets closer to reality.  We're interested in working with you and any new developer interest. Regards."-Jorge Munoz

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