321 W Alabama St Houston, TX
Call to check price and availability
Income-producing commercial building with apartments and retail in Houston.
Type:RETAIL
Property size:
6,692 SFLot size:
0.33 AcresPrice / SF:
$328/SF- Added:
- Jun 15, 2025
- Days on Market:
- 315
- Last Refresh:
- Apr 5 at 8:35 pm
Property Features for 321 W Alabama St
General Information
- Standard status
- Active
- Size
- 6,692 SF
- Lot size
- 0.33 Acres
- Property subtype
- RETAIL
Listing agent Ray Allison (832) 689-9938
Listing office Ray Allison, Broker (832) 689-9938
Listing date Jun 15, 2025
Source Moodyscre
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 Ray Allison, Broker
Overview
Mixed-Use Building in Montrose
Located in Houston, TX, this two-level commercial building at 321 West Alabama & 3803 Bute Street offers a dynamic and unique mid-century design. The property features approximately 6,720 square feet of improvements on about 12,500 square feet of land. It includes seven total leasable units, consisting of four updated studio/efficiency apartments, each approximately 500 square feet. Additionally, there are two large lower-level commercial/retail units totaling approximately 4,000 square feet, each equipped with two bathrooms and washer/dryer connections. One unit, approximately 1,000 square feet, is currently used as a workshop/owner storage. The property has a large parking lot, a rare find in Old Montrose. All units are individually metered for electricity. Natural gas is available to the property but not currently in use on-site. The owner covers water and trash dumpster costs for all tenants. Commercial tenants operate on NN reimbursement for taxes and insurance, while tenants cover their on-premise electricity and maintenance. The property is located in Historic First Montrose Commons, on the edge of Midtown. It is a non-contributing structure, meaning no additional historic or other property taxes apply. The property spans corner-to-corner with approximately 42 feet of frontage on W. Alabama St., approximately 249 feet of frontage on Bute St., and approximately 60 feet of frontage on Sul Ross St. The property has a 5.16% NOI cap rate based on 100% occupancy and the current rent roll.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Area 52
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.3843
- Latitude
- 29.7386
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Income-producing commercial building with apartments and retail in Houston.
Where is this mixed-use property located?
The property is located at 321 W Alabama St Houston, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 5.16% NOI cap rate based on current rent roll and 100% occupancy.; Income‑producing two‑level commercial building with 7 leasable units.; Rare large parking lot in the Old Montrose area.
