421 Fannin St Houston, TX 77002
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.