0 Neq Of Elgin St & Scott St, Houston, TX 77004
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.