3101 Sage RdHouston, TX 77056

For Sale
Call for price

Rare Redevelopment Opportunity: Income-Producing, Multifamily

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 1-acre property at 3101 Sage Rd, Houston, TX 77056, presents a unique redevelopment opportunity in the heart of the Galleria area. The existing structure is a two-story hotel/apartment complex totaling between 22,176 and 99,384 square feet, spread across nine stories. The property boasts an existing parking garage, adding significant value to the redevelopment potential. Its prime location offers easy access to major thoroughfares, including Loop 610 and I-69/Hwy 59, ensuring excellent connectivity. The site is fully fenced and gated, enhancing security. Existing amenities include a swimming pool and cell towers, providing additional income streams or potential for expansion. The property is zoned without restrictions, allowing for a wide range of development possibilities. This income-producing asset presents a rare chance to capitalize on the Galleria's thriving market and create a high-value development. The property's size and location make it ideal for a variety of projects, from luxury apartments to mixed-use developments. This is a truly exceptional opportunity for investors seeking a high-impact project in a prime Houston location. Harris County location offers further advantages.

Highlights

  • High-yield covered land with existing income stream.
  • Prime redevelopment site near the Galleria area.
  • Two-story multifamily property (hotel/apartment complex).
  • On-site parking garage.
  • Excellent access to major freeways (Loop 610, I-69/Hwy 59).
  • Secure property with pool, cell towers, and gated access.

Property Details for 3101 Sage Rd

Property type
Multifamily properties, Apartment buildings
Square Feet
22,176 SF
Stories
9
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7348802
Longitude
-95.4662724
3101 Sage Rd, Houston, Texas

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3101 Sage Rd
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