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    845 Texas Ave Houston, TX 77002

    For Lease
    Contact for pricing

    Downtown Houston Restaurant Spaces

    Lot size:
    11,406 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Texas Tower, a prominent Downtown Houston architectural landmark, offers exceptional retail opportunities. Two restaurant spaces are available, ranging from 4,414 to 6,992 square feet. Located on the ground floor of this newly constructed (2021) 1.2 million square foot tower, these spaces benefit from high visibility and convenient access. The building boasts a 70% occupancy rate with approximately 2,400 weekly occupants, including prestigious tenants such as Hines, Cheniere Energy, and Vinson & Elkins. Upon full occupancy, the tower is projected to house 4,500 occupants, ensuring a substantial customer base for ground floor retail businesses. These spaces provide an unmatched ground-floor experience, incorporating innovative health features and tenant-centered amenities. Retail tenants will enjoy convenient access to garage parking and valet services, enhancing the overall customer experience. This is a unique opportunity to establish a presence in a thriving, high-traffic location within a landmark building in the heart of Downtown Houston. The spaces are ideal for restaurants seeking a prime location with excellent visibility and access to a large, established clientele.

    Property Features for 845 Texas Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,406 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    4,414 SF
    Space
    Available Space 2
    Size
    6,992 SF

    HighLights

    • Retail property in Harris County, Texas.
    • Two restaurant spaces available, ranging from 4,414 to 6,992 square feet.
    • Located in the Texas Tower, a prominent Downtown Houston landmark.
    • Ground floor retail spaces with access to garage parking and valet services.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Concrete Guys C ... Concrete Contractor Anderson/Sheen Team - Morgan ... Financial Consultant Chicago Title Commercial Insurance Agency Londa Thibault Parker ... Financial Consultant The Square at Texas Tower Office Space Rental Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3633949
    Latitude
    29.7609197

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    FAQs

    What type of property is this?
    Retail property - Downtown Houston Restaurant Spaces
    Where is this retail property located?
    The property is located at 845 Texas Ave Houston, TX.
    What are key features of this property?
    This property features: Retail property in Harris County, Texas.; Two restaurant spaces available, ranging from 4,414 to 6,992 square feet.; Located in the Texas Tower, a prominent Downtown Houston landmark.
    Request Owner's contact information
    845 Texas Ave Houston, TX 77002
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    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
    845 Texas Ave Houston, TX 77002
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