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    OFF-MARKET
    Retail properties & Spaces

    4701 Martin Luther King Blvd, Houston, TX 77004

    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity, known as the Cougar Den, is located at 4701 Martin Luther King Blvd in Houston, Harris County, Texas, 77004. The property offers multiple spaces available, ranging from 1,343 square feet to 2,343 square feet, ideal for a variety of retail or restaurant uses. Its strategic location directly across from the University of Houston campus provides unparalleled access to a substantial and diverse customer base. The immediate vicinity includes the 984-bed University Lofts dormitory and the new Law School, ensuring a constant flow of students, faculty, staff, alumni, and visitors. This translates to a potential customer base exceeding 40,000 individuals. The University of Houston is experiencing significant growth, with a planned investment of $233 million in campus improvements. This includes a doubling of dormitory capacity to accommodate 11,000 students within the next five years, and an overall enrollment increase from 36,000 to 45,000 over the next decade. This expansion promises sustained and increasing foot traffic for businesses located at the Cougar Den, making it a highly attractive investment opportunity with exceptional long-term growth potential. The property's prime location and the University's ambitious expansion plans create a unique opportunity for businesses seeking to capitalize on a thriving and expanding market.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Krost Hall High School
    • Domoishi Hibachi & Sushi (UH) Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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