1324 Shepherd DrHouston, TX 77008

For Sale
Call for price

Mixed-use, 23,895 SF, 8 tenants.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional two-story, mixed-use property, located at 1324 N Shepherd Dr in Houston, Texas (77008), offers 23,895 square feet of leasable space across eight diverse tenants. Built in 2021 on a 1.125-acre lot (APN 1407190010001), the Heights Forum boasts an award-winning design, recognized as the 2022 Red News Awards Mixed-Use Project of the Year. Its strategic location in the heart of Houston Heights ensures high foot traffic and accessibility for both residents and visitors. The property features a resilient tenant mix, including healthcare providers, professional services, wellness centers, and curated food services, providing stability and recession-resistance. Below-market rents offer significant future earnings growth potential, further enhanced by built-in annual base rent increases guaranteeing rising revenues. This property represents a compelling investment opportunity, benefiting from remarkable home value growth, resilient property stability, and soaring land values in a historically charming and economically vibrant neighborhood. The property is categorized as a restaurant, shopping center, and storefront, making it a versatile and attractive investment.

Highlights

  • 23,895 SF mixed-use building on a 1.125-acre lot in Houston's Heights neighborhood (77008).
  • Eight diverse tenants, including healthcare, professional services, wellness, and food & beverage, providing a resilient tenant mix.
  • 2022 Red News Awards Mixed-Use Project of the Year, built in 2021.
  • Below-market rents with built-in annual increases offer significant upside potential.
  • Prime location in the Heights offers high foot traffic and strong visibility.

Property Details for 1324 Shepherd Dr

Property type
Lifestyle centers, Power centers
Square Feet
23,895 SF
Year Built
2021
Stories
2
Lot Size (sq. ft)
49,005 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.794924
Longitude
-95.4097042
1324 Shepherd Dr, Houston, Texas

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1324 Shepherd Dr
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