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±2.29 Acres at 3318 Hicks Street SELLER WILL SUBDIVIDE Washington Corridor, Houston, Texas 77007

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±2.29 Acres at 3318 Hicks Street SELLER WILL SUBDIVIDE Washington Corridor, Houston, Texas 77007 HOUSTON CENTRAL BUSINESS DISTRICT 1.5 MILES The Shops At Memorial Heights Beer Market Co. Future Retail Catalina Coffee 24Eleven Washington Apts. Sam’s Cafe Development Taqueria Barba Ogun’s Art + Wine Sanctuary Lounge WASHINGTON AVE Estates at Memorial Memorial Heights Reflexology Darkhorse Tavern Heights Apts. Liberty Station Memorial Heights Dental TOWNHOMES VALUES UP TO $350K STUDEMONT ST 1011 Studemont Condos Future Development ~74,000 SF Retail ALLIANCE Future Multifamily HICKS ST SUMMER ST Future Mixed Use Development ~8,625 SF Retail/Restaurant ~3,300 SF Fast Casual Restaurant Olivewood Cemetery ±2.29 ACRES LAKIN ST TOWNHOMES VALUES UP TO $500K ±2.29 Acres at 3318 Hicks Street SELLER WILL SUBDIVIDE Washington Corridor, Houston, Texas 77007 OFFERING MEMORANDUM Contacts, Due Diligence, & Offer Requirements www.dmre.com Tim Dosch Becky Hand Dosch Marshall Real Estate 713.955.3120 Principal Senior Associate [email protected] [email protected] 777 Post Oak Blvd Suite 255 O 713.955.3127 O 713.955.3121 Houston, TX 77056 M 713.459.8123 M 918.629.5592 www.dmre.com Exclusive Representation David Marshall Dosch Marshall Real Estate (DMRE) has been Dillon Mills exclusively retained to represent the Seller in the Principal disposition of ±2.29 acres at 3318 Hicks St, Houston, Senior Associate [email protected] Texas, 77007 (Property). All inquiries about the Prop- [email protected] O 713.955.3126 erty should be directed to DMRE. M 713.206.1574 O 713.955.3123 M 713.254.3824 Due Diligence Information To access the due diligence information please visit the Property website at: www.dmre.com Tom Dosch Principal Tripp Rich Offer Requirements [email protected] Transaction Manager O 713.955.3125 [email protected] Offers should be presented in the form of a non-bind- M 713.557.4455 ing Letter of Intent, and should include: O 713.955.3124 M 936.635.6968 • Pricing • Due Diligence and Closing Timeframe • Earnest Money Deposit Clark Dalton • Description of Debt/Equity Structure Vice President • Qualifications to Close [email protected] Kenneth Danna • Development Plans O 713.955.3122 Research Analyst M 832.449.2223 [email protected] Purchase terms shall require cash to be paid at clos- O 713.955.3129 ing. Offers should be delivered to the attention of Tim M 713.829.2615 Dosch, David Marshall, Tom Dosch, or Becky Hand via fax or email. ±2.29 ACRES AT 3318 HICKS ST 2 www.dmre.com GALLERIAUPTOWN DISTRICT .0 MILES C uxor S Ss Alta West End Apts. Por S The Core Apts. Alta Heights Apts. HEIGHTS BLVD TOWNHOMES WASHINGTON AVE H H VALUES UP TO 500 H S A WASHINGTON CORRIDOR White Oak Bayou Hike & Bike Trail TOWNHOMES VALUES UP TO 00 TOWNHOMES VALUES UP TO 500 LAKIN ST HICKS ST .9 ACRES ±2.29 ACRES AT 3318 HICKS ST 3 Property Details www.dmre.com Property Details LOCATION 3318 Hicks St, Houston, TX 77007 LAT., LONG. 29.771773, -95.393493 PARCEL NUMBER 0102470020001 TOTAL ACRES ±2.29 acres APPROX. FRONTAGE Hicks Street: 200 ft Lakin Street: 440 ft UTILITIES City of Houston SCHOOL DISTRICT Houston ISD PRICE To be decided by market COMMENTS Owner will subdivide 2017 Demographics 0-1 mi 0-3 mile 0-5 miles EST. POPULATION 2017 19,668 208,365 467,397 EST. POPULATION 2022 5.76% 5.83% 7.45% AVERAGE HOUSEHOLD INCOME $137,586 $136,111 $126,782 MEDIAN OWNER-OCCUPIED HOUSING VALUES $293,122 $283,152 $252,843 2017 Tax Rates 01 HOUSTON ISD 1.206700% 40 HARRIS COUNTY 0.418010% 41 HARRIS CO FLOOD CNTRL 0.028310% 42 PORT OF HOUSTON AUTHY 0.012560% 43 HARRIS CO HOSP DIST 0.171100% 44 HARRIS CO EDUC DEPT 0.005195% 48 HOU COMMUNITY COLLEGE 0.100263% 61 CITY OF HOUSTON 0.584210% TOTAL 2.528563% ±2.29 ACRES AT 3318 HICKS ST 4 www.dmreland.com ±2.29 ACRES AT 3318 HICKS ST 5 Property Highlights www.dmre.com Prime Washington Corridor Development Opportunity Ideal walkable location in the heart of Washington Corridor Major Employment Centers Retail & Entertainment Highlights • Located between two major area thoroughfares (Heights Blvd and • Houston Central Business District: 1.5 • White Oak Bayou Hike & Bike Trail: 600 ft Studemont St) in Houston’s hottest nightlife district miles (fast surface road access ) • Washington Avenue: 900 ft • Less than 1/2 mile from major Washington Corridor retail centers • Greenway Plaza/Upper Kirby: 3.5 miles • Kroger: 1000 ft anchored by Kroger, Walmart, and Sprouts Farmers Market • WalMart: 1700 ft • Galleria/Uptown District: 4.0 miles • Access to I-10 is less than 1/2 mile from the Property • Sawyer Heights Village: 2500 ft • Just over 1/2 mile from popular outdoor recreation along Buffalo Bayou, • Heights Hike & Bike Trail: 2500 ft including Spotts Park, Buffalo Bayou Park, Eleanor Tinsley Park, and a dog • Buffalo Bayou Park: 0.6 miles park • Memorial Park: 2.0 miles FUTURE MIXED USE DEV. N DURHAM DR SAWYER ST TC JESTER White Oak Bayou Hike & Bike Trail Heights Hike & Bike Trail 2.2 CRES CROCKETT ST CANDELARI’SBENJY’S THE BLUE FISH HEIGHTS BLVD LOWER HEIGHTS DISTRICT CLUTCH BAR FUTURE RETAIL DEVELOPMENT LIFE STORAGE PEARL BAR EL TIEMPO CANTINA PINK’S PIZZA VINTAGE CROSSFIT LINCOLN BAR SOMA SUSHIMAX’S WINE BEDROCKDIVE CITYMARY'Z COMICS MEDITERRANEANJOY YOGA CENTER STAR PIZZA ATLAS PUB LAURENZO’S KUNG FU SALOON HICKORY HOLLOW THE AMISH CRAFTSMAN ZOE’S KITCHEN WASHINGTON AVE ST YALE PORCH SWING PUB MEMORIAL ELEMENTARYWESTCOTT ST ROCKEFELLER HALL FIVE GUYS F3 CROSS TRAINING WASHINGTON AVE HOUSTON MARTIAL ARTS ACADEMY PLATYPUS BREWING DARKHORSE TAQUERIATAVERN BARBA B&B BUTCHERS & RESTAURANT THE CADDY SHACK OGUN ART & WINE THERAPY BLOSSOM ST VELVET TACO COCO CREPES THE COUNTER LES GIVRAL’S NINJA RAMEN KITCHEN 713 URBAN EATS SAM’S CAFE Glenwood CONCRETE COWBOY EL REY TAQUERIA MIYAKO UNDERDOGS PUB CAFE LUXOR Cemetery ULA’S MEXICAN POLLO CAMPERO LAREDO TAQUERIA BUFFALO HEIGHTS JULEP PATRENELLA’S SpottsFUTURE MIXED USE DEV. BEER MARKET CO NELLIE KEYES PARK Park BUFFALO WILD WINGS STUDEMONT ST DETERING ST FUEGO’S SALOON LIBERTY STATION CATALINA COFFEE SHEPHERD DR MEMORIAL DR DARWIN’S PUB SAMMY'S WILD GAME CHATTER’SGRILL CAFE 0.5 MILE HENDERSON HEIGHTS PUB Buffalo Bayou Park Memorial Park Benjy’s Heights Hike & Bike Trail Catalina Coffee Clutch Bar ±2.29 ACRES AT 3318 HICKS ST 6 Area Highlights www.dmre.com Washington Corridor White Oak Bayou Hike & Bike Trail Parks & Outdoor Recreation The Washington Corridor is a unique urban neighborhood in the shadow of Downtown. Popular with young profes- Spott’s Park (0.5 mile from the Property) sionals, the heart of the corridor is its concentration of • 16.24-acre park features basketball and volleyball lively bars and trendy eateries along Washington Avenue. courts Residents of Washington Corridor enjoy an active lifestyle, • Children’s playground taking advantage of the nearby parks, bike trails, walkable retail, and a swift commute to Houston’s central business • Walking trails and a picnic area district (1.5 miles from the Property). Buffalo Bayou Park (0.6 mile from the Property) Pupular dining and nightlife destinations include Star Pizza, • 160-acre park stretching along Buffalo Bayou Porch Swing Pub, Pearl Bar, Max’s Wine Dive, Soma Sushi, • Visitors can rent paddle crafts; walk, jog and bike Velvet Taco, Benjy’s, Sanctuary Lounge, Darkhorse Tavern, the trails; enjoy the self-guided public art walk; Catalina Coffee, Liberty Station, Platypus Brewing, and and play frisbee or volleyball many more. • Connects to Sabine Promenade, a 23-acre Johnny Steele Dog Park Sawyer Heights waterfront park featuring hike and bike trails to Sesquicentennial Park in downtown Stude Park (0.6 mile) • Playground and water playground • Lighted sports field • 0.83-mile hike and bike trail • Swimming pool • Indoor gym Yale St & Koehler St Johnny Steele Dog Park (0.6 mile) • Large and small dog ponds, shade structures, dog washing areas • Benches and drinking fountains Memorial Park (2 miles from the Property) Memorial Park • One of the largest urban parks in the United B&B BUTCHERS States at 1,466 acres • Includes Memorial Park Golf Course • Includes facilities for tennis, softball, swimming, track, croquet, volleyball, skating, and cycling • Features the popular Seymour Lieberman Exer- cise Trail, a 2.93 mile crushed granite pathway that sees almost 3 million visits annually • Home to the Houston Arboretum & Nature Center, a 155-acre urban nature sanctuary with 5 miles of trails ±2.29 ACRES AT 3318 HICKS ST 7 Future Area Development www.dmre.com Studemont Street Junction Lower Heights District Rendering - Retail at Studemont Street Junction Memorial Hermann Convenient Care Center Future Mixed Use Development Future Retail Development • Medical (Complete) - Memorial Proposed Retailers Hermann Convenient Care Center • Alliance Multifamily • ~74,000 SF Retail • ~8,625 SF Retail/Restaurant • ~3,300 SF Fast Casual Restaurant FUEL Olivewood Cemetery EXISTING ±2.29 SUMMER ST ACRES FUTURE STUDEMONT ST ±2.29 ACRES AT 3318 HICKS ST 8 www.dmre.com TOWNHOMES VALUES UP TO 500 Olivewood Cemetery SUMMER ST ALLIANCE Future Multifamily ±2.9 ACRES LKI ST HICKS ST ±2.29 ACRES AT 3318 HICKS ST 9 Additional Highlights www.dmre.com Sawyer Heights illage THE HEIGHTS Stude Park Elan Heights Apts. Heights Hike & Bike Trail Sawyer Heights Lofts FUEL Future Retail Camden Heights Apts. Development White Oak Bayou Hike & Bike Trail Olivewood SUMMER ST Cemetery STUDEMONT ST Future Mixed Use Development TOWNHOMES ~8,625 SF Retail/Restaurant VALUES UP TO 500 ~3,300 SF Fast Casual Restaurant Future Development ~74,000 SF Retail ALLIANCE Future Multifamily ±2.9 ACRES EAST ST LAKIN ST HICKS ST ±2.29 ACRES AT 3318 HICKS ST 10 Houston Central
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