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    OFF-MARKET
    Retail properties & Spaces

    0 Neq Of Elgin St & Scott St, Houston, TX 77004

    1 SF 0.57 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail property, known as Elgin at Milby Tracts, presents a unique investment opportunity in a high-traffic location. Situated on a 0.57-acre lot (with lot sizes ranging from 0.22 to 0.35 acres according to available records), this Harris County property offers two available commercial suites within a single building totaling 1 square foot. One suite is currently vacant, presenting immediate occupancy potential. The property boasts an unparalleled location directly across from the University of Houston campus, home to over 46,000 students, ensuring a consistent flow of potential customers. Its strategic placement provides easy access to I-45, placing it within convenient reach of a large customer base. Adding to its appeal, the property is adjacent to The Icon and just east of the Metro Rail Red Line, offering excellent public transportation access. The proximity to Yates High School and Texas Southern University further enhances its visibility and accessibility. This is a rare chance to secure a retail space in a vibrant, high-growth area with exceptional visibility and convenient access to major transportation arteries and a large student population. The property's location offers significant potential for a variety of retail businesses seeking a strong foothold in a densely populated and highly accessible area. The available vacant space presents an immediate opportunity for a quick start.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 1 SF
    Lot 0.57 ac (24,829 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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