Investment Overview

Marcus & Millichap is pleased to present Fannin Square, a 39,394-Square-foot two-story retail/office asset asset located in the heart of the Midtown submarket of Houston, proximate to the new Ion vertical mixed-use developments, which are becoming the latest large-scale additions to nearby Rice University. The subject property boasts an advantageous location proximate to Houston’s Museum, Montrose, and Central Business District. Additionally, the subject property boasts an average household income that exceeds $135,000 within three miles. The subject property provides an investor the incredible opportunity to be centrally located in Houston's most popular and eclectic urban submarket. Midtown features 60-plus restaurants, 30-plus bars, 25-plus art galleries and museums and theaters, and 40-plus painted murals throughout the district. Midtown has also been the site of nationally-awarded development, including Federal Transportation Agency recognition and the Presidential Award of Excellence in Design and Implementation. With a population exceeding 7.3 million, Houston stands as the United States' fifth most populous metropolitan area. This vibrant city offers a more affordable cost of living than numerous other major metros. It boasts the advantages of no state income tax and a median home price below the national average. Moreover, Houston proudly hosts the second-highest number of Fortune 500 companies in the nation, trailing only behind New York City. With an in?ux of new residents and corporate relocations, investors and developers continue to target this market to service the increasing demand for commercial assets. Overall, Fannin Square provides a new investor or owner/user the opportunity to be a part of the city of one of most developing neighborhoods in the city of Houston. With close proximity to multiple new developments, the 39,394-square-foot asset, allows a new owner the opportunity to be strongly positioned in the heart of the Midtown submarket.