500 Shepherd Dr Houston, TX 77007-1347
Property summary
This exceptional Houston property, located at 500 N Shepherd Dr, offers a unique redevelopment opportunity. The 38,712-square-foot building sits on a 1.7847-acre lot (77,739 square feet) and boasts a prime location at the entrance to the Heights neighborhood, easily accessible from I-10. The property features a fully equipped, operational restaurant and kitchen with cold storage, encompassing approximately 11,000 square feet. In addition to the restaurant space, there is substantial flex/warehouse space available, providing versatility for various uses. Ample parking is provided, complemented by two convenient curb cuts. Built in 1970, this property presents a blank canvas for creative vision, with no restrictions on its future development. The property's size, location, and existing infrastructure make it an ideal investment for entrepreneurs and developers seeking a high-impact project in a thriving Houston neighborhood. The Harris County property (APN: 0400350000001) is zoned for commercial use, offering flexibility for a wide range of potential developments. This is a rare opportunity to acquire a substantial property in a highly desirable area of Houston.
Property profile
VerifiedCap rate & NOI
Current use
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Bakery Specialty Food Shop
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Restaurant
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Nightclub Music Venue
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Atm
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Big Box & Wholesale Store
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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