Investment Overview

Marcus & Millichap, as the exclusive representative, is pleased to offer for sale 308 W. Parkwood Avenue, Suite 106, Friendswood, Texas 77546 as an opportunity for an owner-occupier or investor. This unique two-story recently renovated freestanding office building is centrally located in Friendswood, situated off the main intersection of W. Parkwood Avenue and S. Friendswood Drive on FM 528. Built in 2008 and in excellent condition, the 6038 SF building, formerly used as medical offices, has 20 exam/office rooms on the first floor and three office/storage spaces on the second floor. There is also a large reception area, a waiting room, a break room, and four restrooms. Friendswood is a progressive urban city conveniently located between downtown Houston and Galveston, near three major airports and deep water ports with easy thoroughfare. Friendswood has a population of 41,977 and offers a dynamic quality of life, superior city services and amenities as well as first-class schools and a vibrant economy. The family-oriented city enjoys a low crime rate, historical heritage and a highly educated faith-based community with a median resident net worth of $541,600. There are 10 city parks, 2 county parks and 266 acres of green space and nature trails. Houston is only a 30-minute drive from Friendswood, and Kemah Boardwalk is only a 20-minute drive. Galveston beach is just 30 minutes away. Nearby restaurants include La Escondida, Habanero Fresh Mexican Food, Nature’s Garden, Birraporetti’s, Pizza Hut, Wing Street, McDonald’s, Popeyes, Gina’s Italian Kitchen, China Han, Luna’s Mexican Restaurant and Rancho Mexican Restaurant. The median household income for the area is $115,466, with the major employers being Atria Assisted Living and Memory Care, City of Friendswood, Clear Creek ISD, Friendswood ISD, Friendship Haven Healthcare and Rehabilitation, H-E-B Grocery Company, Highpoint Insurance Group, Kroger, McDonald’s, USPS and UTMB. The new Friendswood City Center 106-acre mixed-use development, scheduled to break ground in April ’24, will bring additional hotel, retail, dining and entertainment as well as a 52-acre park and 5.2-mile nature trail.