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    1803 Mcgowen St Houston, TX 77004

    Sponsored
    For Sale
    $2,349,000

    Prime Midtown location, 3,000 SF office.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 1803 McGowen St in Houston, Texas, presents a unique investment opportunity. The 3,000 square foot building, constructed in 1980 and extensively renovated in 2012, offers a nicely built-out office space ideal for a variety of commercial uses. Situated on a substantial 25,000 square foot lot, the property boasts a single-story building with 17 parking spaces. The property is fully fenced and secured with gated access, providing peace of mind. Recent improvements include a new roof (2010), HVAC system (2020), and exterior paint (2022), minimizing future maintenance needs. Its prime Midtown location offers easy access to the Central Business District (CBD), East Downtown (EADO), and the Texas Medical Center, making it highly attractive to businesses and employees alike. The property's Harris County location, zip code 77004, and APN 019-017-000-0001 are readily available for verification. The asking price for this exceptional property is $2,349,000. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in the heart of Houston's vibrant Midtown.

    Property Features for 1803 Mcgowen St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built/Renovated
    1980/2012
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3668289
    Latitude
    29.7413963

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    FAQs

    What type of property is this?
    Retail property - Prime Midtown location, 3,000 SF office.
    Where is this retail property located?
    The property is located at 1803 Mcgowen St Houston, TX.
    What is the asking price?
    The asking price for this property is $2,349,000.
    Request Owner's contact information
    1803 Mcgowen St Houston, TX 77004
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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
    1803 Mcgowen St Houston, TX 77004
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