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Midtown Restaurant Space

318 Gray Street, Houston, TX 77002

For Lease
Contact for pricing

The offering is a second-generation restaurant space in Houston.

Space Size3,926 SF
Days on Market21

Property Features for 318 Gray Street

General Information

Standard status Active
Size 3,926 SF
Property subtype Retail, Restaurant, Office
Lease Type NNN

Lease Terms

Lease Rate $45 /SF/YR
Rent per SF/Year $45

Site & Location

Neighborhood Midtown

Additional Details

Space Use Restaurant
Second-Generation Restaurant Yes

Spaces For Lease

at 318 Gray Street Contact us

#1 Active

Size 3,926 SF
Contact us

Space 1 Active

Size 3,926 SF
Contact us
Listing Agency: Streetwise Retail Advisors
Listed By: David Wise · License TX #510426
Source: Crexi
Added: Oct 21 Changed: Nov 8 Last Checked: Nov 10 at 7:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Streetwise Retail Advisors

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

A second-generation restaurant space is available at 318 Gray Street in Houston’s Midtown area. The property is offered for lease.

Key Highlights

  • Second‑generation restaurant space
  • Located at 318 Gray Street in Houston’s Midtown area

Property Analytics

Current Use

Josephine's Restaurant

Suggested Use

Top Pick Daycare Center Food Market Butcher (Bike/Boat/Book/etc) Store Mobile Phone Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$6.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,550
Businesses Nearby
Under-served
Demand for This Use

Demographics for 77002, TX

19,844
Population
8,960
Households
2.2
Avg Household Size
34
Median Age
37%
College-Educated
86%
High-School Grad
2.0 sq mi
ZIP Area
9,922
Density / Sq Mi
$85,436
Median Household Income
$54,755
Median Earnings
$1,860
Median Rent
$286,100
Median Home Value

Market

Properties on Market for Conventional restaurants in Houston

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Houston, TX

6.9% 2019
8.2% 2020
7.6% 2021
6.4% 2022
6% 2023
6.6% 2024
6.6% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The offering is a second-generation restaurant space in Houston.
Where is this conventional restaurant located?
The property is located at 318 Gray Street Houston, TX.
What are key features of this property?
This property features: Second‑generation restaurant space; Located at 318 Gray Street in Houston’s Midtown area
(713) 773-5508 · Office Call to check price and availability
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