516 Westheimer Rd - Restaurant FOR SALE


Houston, TX 77006- Montrose
$5,200,000 USD
832-899-4389
516 Westheimer Rd, Houston, TX for Sale
$5,200,000 USD
Restaurant - FOR SALE
1/22
null | Request Cap Rate

516 Westheimer Rd
Houston, TX 77006
Montrose


HIGHLIGHTS

  • Nestled in the vibrant heart of the city, this Retail property on 516 Westheimer Rd. offers a prime location that promises high visibility
  • Investors can capitalize on the thriving local economy and the property's unique positioning to maximize returns and secure long-term financial growth
  • All FF&E currently in the property to convey over to the new owner, included in the asking price of $5.2MM
  • This property's versatile layout and potential for customization make it a dream investment opportunity for savvy buyers

OVERVIEW

Prime location in the heart of Houston, an area known for its eclectic nightlife, history/culture, and culinary experiences. This 4,616 SF commercial property, located just one block from Montrose Blvd on bustling Westheimer Rd, is a prime, turnkey opportunity for a restaurant, bar, or lounge. Boasting a spacious second floor, a fully equipped commercial kitchen, and the rare advantage of on-site parking—plus an existing lease agreement with Traveler’s Table for additional parking—this high-visibility location is ideal for immediate operation. Whether you're an owner-operator or seeking a single-tenant NNN investment, this property offers outstanding value in one of Houston’s most dynamic districts. All furniture, fixtures, and equipment (FF&E) will convey with the sale, included in the $5.2MM asking price. Contact us today at (832) 899-4389 or info@gatsbyadvisors.com for more information or to schedule a tour! • Ideal property for an owner operator or single tenant NNN lease! • Prime Location: Nestled in the vibrant heart of the city, this Retail property on 516 Westheimer Rd. offers a prime location that promises high visibility and foot traffic. Situated in a bustling commercial hub, this property presents an unparalleled opportunity for businesses seeking a strategic and lucrative location. • Unbeatable ROI Potential: With its strategic location and strong market demand, this Retail property at 516 Westheimer Rd. boasts unbeatable ROI potential. Investors can capitalize on the thriving local economy and the property's unique positioning to maximize returns and secure long-term financial growth. • Versatile Investment Opportunity: This property's versatile layout and potential for customization make it a dream investment opportunity for savvy buyers. Whether you're looking to develop a flagship retail store, trendy restaurant, or upscale boutique, the possibilities are endless with this flexible and adaptable space. • Strong Market Demand: The Retail property at 516 Westheimer Rd. is poised to attract a diverse range of tenants and customers, thanks to its strong market demand and strategic location. Investors can tap into the growing consumer base and capitalize on the property's appeal to a wide range of businesses and clientele. • All FF&E currently in the property to convey over to the new owner, included in the asking price of $5.2MM.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$1,127 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fully Built Out Former Lounge/Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

0261320000015

ASK ABOUT THIS PROPERTY

Charles PatawaranGatsby Advisors BrokerageMore Info
832-899-4389

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Charles PatawaranGatsby Advisors BrokerageMore Info
832-899-4389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.