3509 Elgin StHouston, TX 77004

For Lease
Call for price

Prime Houston location, high-occupancy student housing.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Class A retail property at 3509 Elgin Street in Houston, Texas, 77004, offers a unique investment opportunity. The single-tenant building encompasses 5,800 square feet and is ideally situated across from the University of Houston campus (approximately 46,700 students) and near Texas Southern University (approximately 7,500 students), providing a substantial student population base. The property boasts a 97%+ occupancy rate within its 880-bed student housing component, reflecting strong demand. The area demonstrates significant growth in student housing and multifamily projects, ensuring long-term stability and potential appreciation. The property benefits from convenient access to Interstate 45 and is surrounded by numerous traffic generators, including well-known restaurants such as Pink Pizza, Frenchy's, McDonald's, Taco Bell, Wendy's, and Shipley's Donuts, as well as a Bank of America branch. Average household income within a two-mile radius exceeds $97,000. A grease trap is already installed, making it suitable for various food-related businesses. This property presents a compelling combination of retail space and high-performing student housing, offering a robust investment prospect in a dynamic and rapidly growing market.

Highlights

  • 1,350 SF end-cap retail space, second-generation lobby.
  • 1,620 SF in-line retail space, second-generation dessert shop.
  • 2,810 SF end-cap medical office space.
  • Price upon request.

Property Details for 3509 Elgin St

Property type
Other retail properties, Dormitories
RSF (Rentable sq. ft)
5,800 SF
Class
A
Buildings
3

Unit(s) available at that property

Space
Size
5,800 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.728009282134
Longitude
-95.349777575997
3509 Elgin St, Houston, Texas

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3509 Elgin St
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