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