Investment Overview

Marcus & Millichap, as the exclusive representative, is pleased to present the opportunity to acquire 500 Lovett Boulevard, a renovated two-story mid-century modern multi-tenant office building located in the heart of Houston’s vibrant Montrose district, situated just off Westheimer Road and Montrose Boulevard. The 15,338 rentable square feet property on a 0.41-acre (17,860 square feet) lot blends retro-industrial aesthetics with modern functionality, offering a unique and creative environment ideal for professional service organizations, design firms or boutique agencies. The building features polished concrete floors, open ceilings, industrial light fixtures, and floor-to-ceiling windows that flood the space with natural light. Many suites include private kitchens, and tenants enjoy access to a tranquil courtyard with a koi pond. There are 27 private, gated surface parking spaces, as well as ample street parking. The property is well-suited to a range of buyers, including owner-users seeking a flagship location in Montrose, investors pursuing a stabilized asset with value-add potential, as well as developers exploring opportunities to either reposition for higher-end tenancy or to acquire the site and hold for future redevelopment into luxury mid-rise residential, mixed use or even a boutique hotel. Additionally, the Seller is offering 426 & 422 Lovett Boulevard for sale: two (2) duplexes and two (2) two-story detached garage apartments comprising six (6) multi-family units on a 0.40-acre lot. The unit mix includes four (4) spacious three-bedroom/two-bath units and two (2) one-bedroom/one-bath units, all of which are 100 percent occupied, providing immediate and stable cash flow. Positioned on the adjacent hard corner to 500 Lovett Boulevard, this site presents a compelling covered land play with long-term redevelopment potential for higher-density residential, mixed-use, or boutique commercial projects. 500 Lovett Boulevard and 426 & 422 Lovett Boulevard can purchased together or separately.