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    5001-5115 Main St Houston, TX 77002

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    For Sale
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    Two city blocks available for redevelopment in the Museum District.

    Property size:
    7,015 SF
    Lot size:
    0.47 Acres

    Property Features for 5001-5115 Main St

    General Information

    Size
    7,015 SF
    Lot size
    0.47 Acres

    Source: CBRE, Inc. Agent Max Lozmack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Museum District Land Redevelopment Opportunity

    Located at 5001/5115 Main Street in Houston, TX, this property consists of two full city blocks, which can be purchased together or separately. The site presents an opportunity for redevelopment into residential, medical, hospitality, or office spaces. Situated in the Museum District, the location offers access to transportation, culture, education, health & wellness, and community resources. The property has access from Main St and Fannin St to Interstate 69 and Highway 288. It is positioned within a concentration of 19 museums. Rice University is located 3 minutes away, the Texas Medical Center is 5 minutes away, and the Central Business District is 8 minutes away. One of the blocks, located at 5115 Main St, contains two medical office buildings totaling 29,950 square feet, built in 1979. The land acres for 5001 Main St is 1.079 acres and the land acres for 5115 Main St is 1.079 acres. The property fronts on Main Street and Fannin Street and is located 4 blocks north of the Museum District Metro Light Rail station. Utilities are provided through the City of Houston. There are no pipelines running through the tracts, and the property is outside the 500-year floodplain.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.385998
    Latitude
    29.7291939

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    FAQs

    What type of property is this?
    Land - Two city blocks available for redevelopment in the Museum District.
    Where is this land located?
    The property is located at 5001-5115 Main St Houston, TX.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity on two full city blocks in the Museum District.; - Excellent location with easy access to Interstate 69, Highway 288, Main Street, and Fannin Street.; - Proximity to major institutions: Rice University (3 minutes), Texas Medical Center (5 minutes), and Central Business District (8 minutes).
    (713) 577-1600
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5001-5115 Main St Houston, TX 77002
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