Multi-Family
5271 Memorial
5271 Memorial Dr, Houston, TX 77007
Listing Price: $2,900,000
Investment Overview
Marcus & Millichap, as the exclusive representative, is pleased to offer for sale a rare opportunity to purchase 5271 Memorial Drive, Houston, Texas 77019 (“Property”). This approximately .7047 acre (30,696 SF per HCAD) improved site is an ideal redevelopment parcel situated along scenic Memorial Drive, a main arterial road connecting Downtown Houston to Memorial Park and the West Loop.
The Property, located near Buffalo Bayou and the exclusive River Oaks neighborhood, allows for easy access to Houston’s highway systems, including I-45, I-10, US 59/69, and West Loop 610. Additionally, Buffalo Bayou Park and a jogging trail along the picturesque Buffalo Bayou are in close proximity. Nearby, you will find luxury apartment residences, established restaurants such as Brenner’s on the Bayou and Black Walnut Café, and a vast array of retail offerings.
Rapid new development in the area, including the proposed prestigious St. Regis Residences, a new luxury 35-story high-rise condominium development announced to open in late 2025; Hanover’s newest 14-acre urban village, Autry Park; as well as the upcoming opulent River View multifamily development are the crème de la crème in urban development, including experiential and lifestyle hospitality.
5271 provides an unbeatable location and ideal opportunity for a developer looking to go vertical.
5271 Memorial
Investment Highlights
- Rare redevelopment opportunity with frontage on Memorial Drive
- Direct access to Downtown Houston and West Loop Uptown/Galleria
- Two-minute drive to Memorial Park, one of the largest urban parks in the U.S.
- River Oaks, Houston's most esteemed residential district, across Buffalo Bayou
- Washington Avenue Corridor nearby, a well-frequented hub for entertainment
- Average 2022 estimated household income of +$193,000 within a one-mile radius
Exclusively Listed By
Listing Price: $2,900,000
Investment Highlights
- Rare redevelopment opportunity with frontage on Memorial Drive
- Direct access to Downtown Houston and West Loop Uptown/Galleria
- Two-minute drive to Memorial Park, one of the largest urban parks in the U.S.
- River Oaks, Houston's most esteemed residential district, across Buffalo Bayou
- Washington Avenue Corridor nearby, a well-frequented hub for entertainment
- Average 2022 estimated household income of +$193,000 within a one-mile radius
Investment Overview
Marcus & Millichap, as the exclusive representative, is pleased to offer for sale a rare opportunity to purchase 5271 Memorial Drive, Houston, Texas 77019 (“Property”). This approximately .7047 acre (30,696 SF per HCAD) improved site is an ideal redevelopment parcel situated along scenic Memorial Drive, a main arterial road connecting Downtown Houston to Memorial Park and the West Loop. The Property, located near Buffalo Bayou and the exclusive River Oaks neighborhood, allows for easy access to Houston’s highway systems, including I-45, I-10, US 59/69, and West Loop 610. Additionally, Buffalo Bayou Park and a jogging trail along the picturesque Buffalo Bayou are in close proximity. Nearby, you will find luxury apartment residences, established restaurants such as Brenner’s on the Bayou and Black Walnut Café, and a vast array of retail offerings. Rapid new development in the area, including the proposed prestigious St. Regis Residences, a new luxury 35-story high-rise condominium development announced to open in late 2025; Hanover’s newest 14-acre urban village, Autry Park; as well as the upcoming opulent River View multifamily development are the crème de la crème in urban development, including experiential and lifestyle hospitality. 5271 provides an unbeatable location and ideal opportunity for a developer looking to go vertical.
Exclusively Listed By
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