4701 Martin Luther King Blvd Houston, TX 77004
- Retail properties
Current Use by Public Records
- Krost Hall / School
- Domoishi Hibachi & Sushi (UH) / Japanese Restaurant / Asian Fusion Restaurant
Property Details for 4701 Martin Luther King Blvd
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3373
- Latitude
- 29.7226