With a price reduction from $2,900,000 to $2,495,000, Marcus & Millichap, as the exclusive representative, is pleased to offer for sale a rare opportunity to purchase 5271 Memorial Drive, Houston, Texas 77019 (“Property”). This approximately 0.7047 acre (30,696 SF per HCAD) improved site is a prime redevelopment parcel situated along scenic Memorial Drive, a main arterial road connecting Downtown Houston to Memorial Park and the West Loop. The Property, located near Buffalo Bayou and the exclusive River Oaks neighborhood, allows for easy access to Houston’s highway systems, including I-45, I-10, US 59/69, and West Loop 610. Additionally, Buffalo Bayou Park and a jogging trail along the picturesque Buffalo Bayou are in close proximity. Nearby, you will find luxury apartment residences, established restaurants such as Brenner’s on the Bayou and Black Walnut Café, and a vast array of retail offerings. Rapid new development in the area approximately a hundred yards away includes the proposed prestigious St. Regis Residences, a new luxury 37-story high-rise condominium development announced to open in late 2027. Additionally, Randall Davis Company has broken ground on a new mid-rise residential development adjacent to the St. Regis Residences. Hanover’s newest 14-acre urban village, Autry Park, as well as the upcoming opulent River View multifamily development, are the crème de la crème in urban development, including experiential and lifestyle hospitality. 5271 Memorial Dr provides an unbeatable location and ideal opportunity for a developer looking to go vertical.