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Property profile & analytics
OFF-MARKET Estimated value $1,910,000
High-rise multifamily apartments

1617 Fannin St 392 Houston, TX 77002-7647

258,542 SF 0.6 ac lot Built 1966
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-3754127
Property summary
AI-generated overview

This exceptional 3,500 square foot ground floor retail space is available for lease in the vibrant heart of downtown Houston. Located within the Houston House, a 31-story, 396-unit luxury high-rise apartment building, this second-generation restaurant/retail space offers unparalleled visibility and accessibility. The space is highly adaptable and can be divided to suit various business needs, making it ideal for a range of retail concepts. Benefit from the significant foot traffic generated by the building's residents and the bustling downtown area. The property's strategic location directly faces the MetroRail Red Line on Main Street, boasting over 45,000 daily riders, ensuring a constant flow of potential customers. With over 1,348 residential units within easy walking distance, this location provides a substantial built-in customer base. Furthermore, the property's proximity to Trebly Park and the Tout Suite Cafe adds to its appeal and enhances its overall desirability. This is a rare opportunity to secure a prime retail space in one of Houston's most dynamic and sought-after locations. The space's versatility and exceptional location make it an ideal investment for businesses seeking high visibility and strong potential for growth. Don't miss this chance to establish your business in a thriving downtown environment.

Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 258,542 SF
Lot 0.6 ac (26,249 SF)
APN 20670000004
UPID US82-3754127
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
Current use
Occupant on record · Public records
  • No Future Real Estate Agency
  • Photus Creations Wedding Service Photography Service
  • The Apple Theory Downtown Hotel & Motel
  • 1617 Fannin St Garage Parking Lot & Garage
  • iSkootz Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.91M
Owner & transaction history
Kathleen Cook · 2 yrs held
Kathleen Cook
since 2023
3 recorded transactions
2023
Price N/A
2010
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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