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    5001 Main St Houston, TX 77002

    Sponsored
    For Sale
    Contact for pricing

    Prime Houston land, two blocks available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional offering encompasses two full city blocks (1.08 acres total) in Houston's vibrant Museum District, located at 5001 & 5115 Main Street, zip code 77002, Harris County, Texas. Each block, totaling 1.079 acres each, is available for purchase individually or together, presenting a unique investment opportunity. The property boasts prominent frontage on Main and Fannin Streets, major thoroughfares providing easy access to the Museum District and the Texas Medical Center. 5115 Main Street features two medical office buildings, totaling 29,950 square feet (25,050 SF and 4,900 SF), constructed in 1979. The location offers unparalleled convenience, situated just four blocks north of the Museum District Metro Light Rail station. Utilities are provided by the City of Houston. Importantly, no pipelines traverse the land, and the property lies outside the 500-year floodplain. This prime location within the Museum District provides easy access to a wealth of cultural attractions, educational institutions, healthcare facilities, and a thriving community atmosphere. This is a rare opportunity to acquire a substantial land holding in one of Houston's most desirable and rapidly developing areas.

    Property Features for 5001 Main St

    General Information

    Property type
    Land
    Lot Size
    47,045 SF

    HighLights

    • High‑profile location fronting Main & Fannin Streets, key thoroughfares serving the Museum District and Texas Medical Center.
    • Conveniently located four blocks from the Museum District Metro Rail station.
    • City of Houston utilities; no pipeline easements; outside 500‑year floodplain.
    • Desirable Museum District location offering exceptional access to transportation, cultural attractions, educational institutions, healthcare facilities, and a vibrant community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Harris
    State
    Texas
    Longitude
    -95.386391
    Latitude
    29.7294431

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    FAQs

    What type of property is this?
    Land - Prime Houston land, two blocks available.
    Where is this land located?
    The property is located at 5001 Main St Houston, TX.
    What are key features of this property?
    This property features: High-profile location fronting Main & Fannin Streets, key thoroughfares serving the Museum District and Texas Medical Center.; Conveniently located four blocks from the Museum District Metro Rail station.; City of Houston utilities; no pipeline easements; outside 500-year floodplain.
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    5001 Main St Houston, TX 77002
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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 Main St Houston, TX 77002
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