Edge Capital Markets and Cushman & Wakefield are pleased to present the opportunity to acquire two tracts totaling ±7.86 acres at 2025 West 11th Street (“Property”) in Houston, Texas. 2025 West 11th Street is a generational infill site at the convergence of Lazybrook, Timbergrove, Shady Acres, and The Heights, some of Houston’s most historic and recognizable neighborhoods that are welcoming to all, making them some of the most desirable places to live with a picturesque backdrop of distinguished housing, unique shops, galleries, and restaurants.
The Property tremendously benefits from its proximity to Houston’s primary employment drivers, the Galleria, Downtown, Memorial City, the Energy Corridor, and one of Houston’s most treasured assets, Memorial Park, a 1,500-acre park currently undergoing a massive $200 million renovation that offers 18-hole facilities for tennis, softball, swimming, track, croquet, volleyball, skating, cycling, and a running course along with several picnic areas.
The surrounding dense population of 460,000 people within a five-mile radius easily access these employment drivers via nearby Interstates 10, 610, and 45, along with the Katy Transit Center. The Property is strategically located just off of TC Jester, one of the area’s most recognizable thoroughfares, which is a highly trafficked road that connects the surrounding residential neighborhoods and supports the high concentration of retail and restaurants within the immediate trade area.
2025 West 11th Street is immediately surrounded by a young, highly educated, affluent population with an average home sale price value of $1,040,000 and sales up to $1,600,000. Within the 3-mile radius, the median age is 38, with 72% of the population having attained a Bachelor’s or Graduate degree and being employed in well-paying jobs. An average household income of $173,000 helps create strong economics for surrounding retailers, restaurants, and other entertainment venues, creating a live, work, and play environment.