2009 N Main St., Houston, TX 77009 DEVELOPMENT OPPORTUNITY!

xecutive Summary

- **LAND INFORMATION:** This expansive .87 Acre lot boasts unrestricted zoning, offering boundless development potential.
- **LOCATION:** Nestled in the vibrant Northside Village enclave of Downtown Houston, this property enjoys prime positioning. Just a stone's throw away lies the Houston Dart Rails station, merely 2 blocks distant, while the thriving entertainment hub of White Oak Music Hall beckons a mere 4-5 blocks down the street. Within a 5-10 minute radius, one finds Minute Maid Park and the University of Houston Downtown. Moreover, the locale is surrounded by densely populated areas, promising a bustling environment ripe for development.
- **FUTURE EXPANSION:** Anticipate further growth with the extension of the Red Line northwestward to the upcoming multimodal center at North Shepherd Park & Ride. This expansion will seamlessly integrate with METRORapid, the Regional Express Network, and local bus routes. Additionally, the last 5 years have witnessed the emergence of 3 million square feet of multi-family developments, underscoring the area's dynamic evolution.
- **DEVELOPMENT SUGGESTIONS:**
Highest/best use: Commercial or Residential development
This versatile site presents a myriad of development prospects. It could serve as a strategically located parking garage, catering to the nearby sports and entertainment venues. Alternatively, envision the creation of townhomes, tapping into the burgeoning market demand and bolstered by the area's upward trajectory in market rents and property values towards downtown Houston. Furthermore, consider the potential for retail development, capitalizing on the locale's thriving commercial landscape.
- **OPPORTUNITY ZONE:** Positioned within an Opportunity Zone, ownership of this property unlocks access to special tax incentives and benefits, further enhancing its investment appeal.