2421 Milam St Houston, TX 77006-2371

This exceptional mixed-use property, located at 2421 Milam St in Houston, Texas, presents a compelling investment opportunity. The 7,861 square foot building, constructed in 1911, boasts a net rentable area of 8,500 square feet and sits on a 0.2-acre lot. Currently operating at 100% occupancy, the property is zoned for commercial use and features a three-story office building currently utilized by tax and CPA services. A significant advantage is the inclusion of a three-bedroom, two-bathroom residential unit located at the rear of the property. The asking price is $2,600,000, translating to $330.75 per square foot. This Class C building offers substantial value-add potential, with the possibility of redevelopment into a multifamily building or high-rise structure, given its prime downtown location near shopping centers and high-rises. The property's strong current income stream, combined with its redevelopment potential, makes it an attractive investment in the thriving Houston market. The property is offered with 100% ownership.