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High-Visibility Commercial Building For Sale

5701 Martin Luther King Blvd, Houston, TX 77021

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For Sale

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Freestanding building in high-growth area, ideal for various businesses.

Type:Mixed Use, Office, Retail, Self Storage

Property size:

3,232 SF

Lot size:

0.16 Acres

Price / SF:

$154/SF

HighLights

Prime location in high‑growth OST‑South Union area undergoing urban revitalization.
Located in a federal Opportunity Zone, offering significant tax incentives.
Excellent visibility with 230 feet of frontage on Martin Luther King Blvd.
Proximity to Texas Medical Center, University of Houston, and Downtown.
Easy access to I‑610 and Hwy 288.
~3,232 SF freestanding building on a 0.16‑acre lot.

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Contact an agent

Kevin Riles

For Sale

Contact for pricing

Freestanding building in high-growth area, ideal for various businesses.

Type:Mixed Use, Office, Retail, Self Storage

Property size:

3,232 SF

Lot size:

0.16 Acres

Price / SF:

$154/SF

Added:: Feb 19, 2026
Days on Market:: 128
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 5701 Martin Luther King Blvd

General Information

Standard status: Active
Size: 3,232 SF
Lot size: 0.16 Acres
Property subtype: Mixed Use, Office, Retail, Self Storage

Building Details

Year Built: 1972

We can help!

Contact an agent

Kevin Riles

Listing office Kevin Riles Commercial

Listing date Feb 19, 2026

Source Crexi

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 Kevin Riles Commercial

HighLights

Prime location in high‑growth OST‑South Union area undergoing urban revitalization.
Located in a federal Opportunity Zone, offering significant tax incentives.
Excellent visibility with 230 feet of frontage on Martin Luther King Blvd.
Proximity to Texas Medical Center, University of Houston, and Downtown.
Easy access to I‑610 and Hwy 288.
~3,232 SF freestanding building on a 0.16‑acre lot.

Overview

Located in the OST-South Union area, this commercial property at 5701 Martin Luther King Blvd offers a freestanding building with approximately 3,232 square feet of space on a 0.16-acre lot. The property features 230 feet of frontage, providing high visibility. Situated in a federal Opportunity Zone, it offers potential tax incentives. The location is near the Texas Medical Center, the University of Houston, and Downtown. The surrounding area is undergoing urban revitalization, with new residential developments and infrastructure upgrades. Proximity to I-610 and Hwy 288 facilitates access for commuters and visitors to nearby medical and academic districts. The property is suitable for medical offices, retail, or creative professional suites. It is positioned for immediate impact and long-term growth.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$66.3k	$20.52
− Vacancy	−$3.7k	−$1.15
EGI	$62.6k	$19.37
− OpEx	−$18.8k	−$5.81
NOI	$43.8k	$13.56

3,232 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$626.1K

$547.8K – $730.4K (±1% cap)

NOI $43,825 @ 7.0% cap · market cap 8.78%

Second Best

Mixed Use

$609.5K

$533.3K – $711.0K (±1% cap)

NOI $42,662 @ 7.0% cap · market cap 8.55%

Theoretical Best

Office A

$831.1K

$727.2K – $969.6K (±1% cap)

NOI $58,176 @ 7.0% cap · market cap 11.66%

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

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Location Insight

Map
Local Demand

City: Houston
County: Fort Bend
State: Texas
Longitude: -95.335952
Latitude: 29.698659

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For sale
Mixed-use properties
TX
Houston
77021
5701 Martin Luther King Blvd

What type of property is this?

Mixed-use property - Freestanding building in high-growth area, ideal for various businesses.

Where is this mixed-use property located?

The property is located at 5701 Martin Luther King Blvd Houston, TX.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Prime location in high‑growth OST‑South Union area undergoing urban revitalization.; Located in a federal Opportunity Zone, offering significant tax incentives.; Excellent visibility with **230 feet of frontage on Martin Luther King Blvd.**