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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

421 Fannin St Houston, TX 77002

20,000 SF 0.3 ac lot
Property ID
Property summary
AI-generated overview

This exceptional two-story, 20,000 square foot mixed-use building at 421 Fannin Street in Houston, Texas, presents a unique investment opportunity. The property boasts a prime location in Houston's Historic Downtown district, a vibrant area known for its high foot traffic and proximity to major landmarks. The building's design features framed windows offering excellent visibility from a hard corner location, making it ideal for a variety of uses. Its versatile layout is suitable for office, retail, and restaurant operations, as indicated by its previous uses as a bar, executive office space, and restaurant. Situated on a 0.3-acre lot, the building is conveniently located between Prairie Street and Preston Street, placing it within walking distance of Minute Maid Park, the George R. Brown Convention Center, Toyota Center, Jones Hall, the Harris County courts complex, numerous professional offices, and the University of Houston Downtown. This strategic location offers unparalleled access to a large and diverse population, ensuring high visibility and potential for significant returns. The property's proximity to the Harris County Court System further enhances its appeal to businesses seeking a central and easily accessible location. This is a rare opportunity to acquire a well-positioned mixed-use property in the heart of Houston's dynamic downtown core. The building's size, location, and versatility make it an attractive investment for discerning buyers seeking a high-impact commercial property.

Property profile
Verified
Property type Retail properties & Spaces
Total area 20,000 SF
Lot 0.3 ac (13,068 SF)
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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